NEW YORK, USA – Coinbase Global Inc (NASDAQ: COIN) delivered a powerful performance in the latest trading session, exciting investors as its stock price surged significantly. Shares of the leading cryptocurrency exchange platform closed the official trading day on April 22nd at exactly $190.00 USD.
This closing price represented a substantial gain of +$15.00, translating to an impressive +8.57% increase for the day. The positive momentum didn’t stop at the closing bell, indicating strong continued interest.
Activity during the trading day showed robust demand. COIN opened at $178.79, significantly higher than the previous close of $175.00. While the stock saw an intraday low of $178.40, buying pressure pushed it to a high of $193.49 before settling at the $190.00 mark.
Further bolstering investor sentiment, Coinbase shares continued their ascent in after-hours trading. As of 7:59 pm GMT-4, the stock was trading at
5.97 (+3.14%) to its already stellar daily performance. This suggests the positive sentiment carried over even after the regular market hours concluded.
The data highlights the inherent volatility but also the potential upside that attracts traders to COIN. While the stock remains considerably below its 52-week high of $349.75, Friday’s strong move pushed it further away from its 52-week low of $142.58.
Key metrics observed include a Price-to-Earnings (P/E) ratio of 20.05. Coinbase currently does not offer a dividend yield to its shareholders. Investors are now watching closely to see if this upward trajectory can be sustained in the upcoming sessions.
