BTGO (NYSE:BTGO) Hits New 12-Month Low – Time to Sell?

Shares of BTGO (NYSE:BTGO) reached a new 52-week low on Friday . The company traded as low as $7.22 and last traded at $7.2180, with a volume of 981767 shares. The stock had previously closed at $7.76.

Analyst Ratings Changes

A number of brokerages recently commented on BTGO. Citigroup decreased their price objective on BTGO from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of BTGO in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $17.00 price objective for the company. Keefe, Bruyette & Woods raised BTGO to a “hold” rating in a research note on Tuesday, February 17th. Finally, Craig Hallum began coverage on BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $18.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.14.

BTGO Stock Down 10.9%

The business’s 50 day moving average price is $9.83.

BTGO (NYSE:BTGO) last posted its earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55). The business 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. As a group, equities research analysts anticipate 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.