BTGO (NYSE:BTGO) Hits New 1-Year Low – Should You Sell?

BTGO (NYSE:BTGO)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.42 and last traded at $6.1950, with a volume of 5258495 shares. The stock had previously closed at $5.97.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BTGO shares. Wells Fargo & Company started coverage on shares of BTGO in a report on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 target price for the company. Rosenblatt Securities decreased their price objective 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. Zacks Research raised shares of BTGO to a “hold” rating in a report on Wednesday, February 18th. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price objective on shares of BTGO in a report on Friday, March 27th. Finally, Craig Hallum began coverage on shares of BTGO in a report on Tuesday, February 17th. They set a “buy” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.14.

BTGO Stock Down 0.1%

The firm has a 50 day simple moving average of $9.40.

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

About BTGO

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.