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

Shares of BTGO (NYSE:BTGO) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $4.95 and last traded at $4.96, with a volume of 1130315 shares trading hands. The stock had previously closed at $5.52.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities cut their price objective on shares of BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Weiss Ratings assumed coverage on shares of BTGO in a research report on Wednesday, April 15th. They set a “sell (d)” rating for the company. Wall Street Zen downgraded shares of BTGO from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. The Goldman Sachs Group cut their price objective on shares of BTGO from $12.00 to $10.50 and set a “neutral” rating for the company in a research report on Friday, March 27th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price objective on shares of BTGO in a research report on Friday, March 27th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, BTGO presently has an average rating of “Moderate Buy” and an average target price of $15.14.

BTGO Stock Performance

The company’s fifty day moving average price is $9.08.

BTGO (NYSE:BTGO) last released 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 business had revenue of $3.77 billion for the quarter. The company’s quarterly revenue was up 112.6% compared to the same quarter last year. Equities analysts anticipate that BTGO will post -0.28 earnings per share 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.