BTGO (NYSE:BTGO) Stock Price Down 5.3% – Time to Sell?

BTGO (NYSE:BTGO) was down 5.3% during mid-day trading on Friday . The stock traded as low as $4.95 and last traded at $5.1490. Approximately 347,813 shares were traded during trading, a decline of 69% from the average daily volume of 1,115,953 shares. The stock had previously closed at $5.44.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Mizuho decreased their price objective on BTGO from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Clear Str upgraded BTGO to a “strong-buy” rating in a report on Tuesday, February 17th. The Goldman Sachs Group decreased their target price on shares of BTGO from $12.00 to $10.50 and set a “neutral” rating for the company in a research note on Friday, March 27th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of BTGO in a research note on Friday, March 27th. Finally, Zacks Research raised shares of BTGO to a “hold” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.14.

BTGO Stock Performance

The stock has a 50 day moving average price of $8.75.

BTGO (NYSE:BTGO) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The company had revenue of $3.77 billion for the quarter. BTGO’s revenue for the quarter was up 112.6% compared to the same quarter last year. As a group, equities research analysts expect that BTGO will post -0.28 EPS for the current fiscal 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.