BTGO (NYSE:BTGO – Get Free Report) shares traded down 5.3% on Friday . The stock traded as low as $4.95 and last traded at $5.1490. 347,813 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 1,115,953 shares. The stock had previously closed at $5.44.
Analyst Upgrades and Downgrades
BTGO has been the subject of several research analyst reports. Clear Str upgraded shares of BTGO to a “strong-buy” rating in a research report on Tuesday, February 17th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of BTGO in a research note on Friday, March 27th. The Goldman Sachs Group lowered their price objective on BTGO from $12.00 to $10.50 and set a “neutral” rating for the company in a research note on Friday, March 27th. Wall Street Zen lowered BTGO from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, Zacks Research upgraded BTGO to a “hold” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.14.
Check Out Our Latest Stock Analysis on BTGO
BTGO Trading Down 7.6%
BTGO (NYSE:BTGO – Get Free Report) last issued 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 for the quarter. The business’s quarterly revenue was up 112.6% compared to the same quarter last year. As a group, equities analysts anticipate that BTGO will post -0.28 earnings per share 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.
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