BTGO (NYSE:BTGO) Sets New 12-Month Low – Here’s What Happened

BTGO (NYSE:BTGO)’s share price reached a new 52-week low on Friday . The stock traded as low as $4.95 and last traded at $4.96, with a volume of 1130315 shares changing hands. The stock had previously closed at $5.52.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BTGO in a report on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price for the company. Rosenblatt Securities lowered their target price on shares of BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, March 27th. Keefe, Bruyette & Woods upgraded shares of BTGO to a “hold” rating in a report on Tuesday, February 17th. Wells Fargo & Company assumed coverage on shares of BTGO in a report on Tuesday, February 17th. They set an “overweight” rating and a $13.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of BTGO in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.14.

BTGO Stock Performance

The business’s 50 day simple moving average is $9.08.

BTGO (NYSE:BTGO) last announced its earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55). The business had revenue of $3.77 billion for the quarter. The business’s revenue was up 112.6% on a year-over-year basis. Analysts expect that BTGO will post -0.28 EPS for the current year.

BTGO Company Profile

BitGo Holdings Inc is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins and settlement services from regulated cold storage. BitGo Holdings Inc is based in NEW YORK.