Coinbase Global, Inc (NASDAQ:COIN) is set to print its fiscal third-quarter financial results after the market closes on Thursday, and the stock was edging over 8% higher heading into the report.

When the cryptocurrency trading platform printed a second-quarter earnings beat on Aug. 3, the stock was volatile the next day and closed lower.

For that quarter, Coinbase reported a loss of 42 cents per share, which beat a Street consensus estimate of a loss of 78 cents per share. The company beat on the top line, reporting revenue of $707.9 million, which beat a Street consensus estimate of $643.36 million.

For the third quarter, analysts estimate Coinbase will print earnings of 54 cents per share on revenues of $650.78 million. Read more here...

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On Wednesday, Citigroup analyst Peter Christiansen maintained a Neutral rating on Coinbase and lowered a price target from $105 to $90. The price target suggests about 16% upside for the stock.

For the third quarter, crypto traders and investors will be watching to see how much of Coinbase's revenue was brought in through Bitcoin and Ethereum trading specifically. Although the two apex cryptos have been experiencing a bull run during the fourth quarter, momentum declined during most of the summer quarter.

From a technical analysis perspective, Coinbase’s stock looks mildly bullish, not trading in a clear uptrend or downtrend but holding above the 200-day simple moving average.

The Coinbase Chart: Coinbase has been trading mostly sideways between about $70 and $83 since Aug. 11, forming short uptrends and downtrends within that price range. On Oct. 27, Coinbase negated a small uptrend with a lower low but bounced up from the 200-day simple moving average (SMA), which suggests the stock is trading in a bull cycle.