Bgin Blockchain (NASDAQ:BGIN) Announces Quarterly Earnings Results

Bgin Blockchain (NASDAQ:BGIN) issued its earnings results on Friday. The company reported $999.00 EPS for the quarter, Zacks reports.

Bgin Blockchain Trading Down 13.6%

Shares of Bgin Blockchain stock opened at $3.19 on Friday. The company’s 50-day simple moving average is $2.90. Bgin Blockchain has a twelve month low of $2.08 and a twelve month high of $6.50.

Institutional Trading of Bgin Blockchain

An institutional investor recently bought a new position in Bgin Blockchain stock. XTX Topco Ltd bought a new stake in shares of Bgin Blockchain Limited (NASDAQ:BGIN) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 12,333 shares of the company’s stock, valued at approximately $31,000.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Bgin Blockchain in a research report on Thursday, January 15th. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Bgin Blockchain has a consensus rating of “Sell”.

Bgin Blockchain Company Profile

Through our operating subsidiaries, we are a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. We were established as a cryptocurrency mining business in 2019. Given our limited financial resources at the time, we decided to focus on selected alternative cryptocurrencies as it was more cost effective. We leveraged our in-house technical expertise to design the software and the chips that could efficiently mine different types of cryptocurrencies that we focused on.