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

BTGO (NYSE:BTGO) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.22 and last traded at $7.2180, with a volume of 981767 shares trading hands. The stock had previously closed at $7.76.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BTGO. Deutsche Bank Aktiengesellschaft began coverage on shares of BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $17.00 price objective for the company. The Goldman Sachs Group dropped their price objective 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. Wedbush reaffirmed an “outperform” rating and set a $15.00 price objective on shares of BTGO in a research note on Friday, March 27th. 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. Finally, Rosenblatt Securities dropped their price target on shares of BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BTGO presently has a consensus rating of “Moderate Buy” and an average price target of $15.14.

BTGO Trading Down 8.2%

The business has a fifty day moving average of $9.92.

BTGO (NYSE:BTGO) last released 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 for the quarter. The company’s revenue for the quarter was up 112.6% on a year-over-year basis. On average, research analysts expect that BTGO will post -0.24 EPS 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.