BTGO (NYSE:BTGO) Hits New 1-Year Low – Time to Sell?

Shares of BTGO (NYSE:BTGO) reached a new 52-week low on Friday . The company 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Zacks Research raised BTGO to a “hold” rating in a report on Wednesday, February 18th. Rosenblatt Securities lowered their target price on BTGO from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Wells Fargo & Company started coverage on BTGO in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 price objective on the stock. Mizuho decreased their price objective on BTGO from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Finally, Craig Hallum started coverage on BTGO in a research note on Tuesday, February 17th. They issued a “buy” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.14.

BTGO Stock Down 15.1%

The company has a 50 day moving average price of $8.97.

BTGO (NYSE:BTGO) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The firm had revenue of $3.77 billion during the quarter. BTGO’s quarterly revenue was up 112.6% compared to the same quarter last year. As a group, equities analysts predict that BTGO will post -0.28 earnings per share for the current fiscal 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.