BTGO (NYSE:BTGO) Sets New 12-Month Low – Should You Sell?

BTGO (NYSE:BTGO)’s share price hit 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 traded. The stock had previously closed at $7.76.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of BTGO in a research report on Tuesday, February 17th. They set an “overweight” rating and a $13.00 price target for the company. Wall Street Zen downgraded shares of BTGO from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price target for the company. Weiss Ratings assumed coverage on shares of BTGO in a research report on Wednesday, April 15th. They set a “sell (d)” rating for the company. Finally, Craig Hallum assumed coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $18.00 price target for the company. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.14.

BTGO Trading Down 8.2%

The firm has a 50-day moving average price of $9.92.

BTGO (NYSE:BTGO) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The company had revenue of $3.77 billion for the quarter. The business’s revenue for the quarter was up 112.6% on a year-over-year basis. As a group, research analysts forecast that BTGO will post -0.24 earnings per share for the current 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.