Bgin Blockchain (NASDAQ:BGIN) Stock Price Down 1.8% – What’s Next?

Bgin Blockchain Limited (NASDAQ:BGIN) shares fell 1.8% during trading on Thursday . The company traded as low as $3.24 and last traded at $3.28. 12,935 shares were traded during mid-day trading, a decline of 69% from the average session volume of 41,913 shares. The stock had previously closed at $3.34.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Bgin Blockchain to a “hold” rating in a research report on Thursday, October 30th.

Bgin Blockchain Price Performance

The company has a 50 day moving average of $2.99.

Bgin Blockchain Company Profile

Through our operating subsidiaries, we are a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. We were established as a cryptocurrency mining business in 2019. Given our limited financial resources at the time, we decided to focus on selected alternative cryptocurrencies as it was more cost effective. We leveraged our in-house technical expertise to design the software and the chips that could efficiently mine different types of cryptocurrencies that we focused on.