BTGO (NYSE:BTGO – Get Free Report)’s stock price was down 9.5% during trading on Tuesday . The stock traded as low as $11.80 and last traded at $11.7380. Approximately 127,508 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 808,782 shares. The stock had previously closed at $12.97.
Analyst Ratings Changes
A number of brokerages have weighed in on BTGO. Weiss Ratings began coverage on BTGO in a report on Wednesday, April 15th. They issued a “sell (d)” rating on the stock. Zacks Research raised BTGO to a “hold” rating in a report on Wednesday, February 18th. Keefe, Bruyette & Woods upgraded BTGO to a “hold” rating in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft started coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 target price for the company. Finally, Wells Fargo & Company started coverage on BTGO in a research note on Tuesday, February 17th. They set an “overweight” rating and a $13.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BTGO has an average rating of “Moderate Buy” and an average price target of $15.32.
Read Our Latest Report on BTGO
BTGO Stock Down 9.2%
BTGO (NYSE:BTGO – Get Free Report) last issued its quarterly earnings results on Thursday, March 26th. The company reported ($1.03) earnings per share for the quarter. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.11 billion. Equities research analysts forecast that BTGO will post 0.05 EPS for the current fiscal 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.
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