BTGO (NYSE:BTGO – Get Free Report)’s stock price fell 5.3% during mid-day trading on Friday . The stock traded as low as $4.95 and last traded at $5.1490. 347,813 shares changed 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.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BTGO. Zacks Research upgraded BTGO to a “hold” rating in a report on Wednesday, February 18th. Wells Fargo & Company began coverage on BTGO in a report on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 target price for the company. Clear Str upgraded BTGO to a “strong-buy” rating in a report on Tuesday, February 17th. The Goldman Sachs Group dropped their target price on BTGO from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Friday, March 27th. Finally, Keefe, Bruyette & Woods upgraded BTGO to a “hold” rating in a report on Tuesday, February 17th. One equities research 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 currently has an average rating of “Moderate Buy” and a consensus price target of $15.14.
Check Out Our Latest Analysis on BTGO
BTGO Price Performance
BTGO (NYSE:BTGO – Get Free Report) last announced its quarterly earnings results 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 during the quarter. The firm’s revenue for the quarter was up 112.6% compared to the same quarter last year. Research analysts predict 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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