BTGO (NYSE:BTGO – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 527,654 shares were traded during trading, a decline of 38% from the previous session’s volume of 851,832 shares.The stock last traded at $7.6230 and had previously closed at $8.12.
Wall Street Analyst Weigh In
BTGO has been the subject of several analyst reports. Citigroup reduced their price target on shares of BTGO from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Cantor Fitzgerald reduced their price target on shares of BTGO from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Compass Point assumed coverage on shares of BTGO in a report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price target for the company. Rosenblatt Securities lowered their price target on BTGO from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price target on shares of BTGO in a report on Friday, March 27th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.14.
Check Out Our Latest Analysis on BTGO
BTGO Trading Down 3.1%
BTGO (NYSE:BTGO – Get Free Report) last released its 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 business had revenue of $3.77 billion for the quarter. The business’s revenue for the quarter was up 112.6% compared to the same quarter last year. As a group, research analysts anticipate that BTGO will post -0.24 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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