Bgin Blockchain (NASDAQ:BGIN) Trading Up 4.3% – What’s Next?

Shares of Bgin Blockchain Limited (NASDAQ:BGIN) shot up 4.3% on Friday . The company traded as high as $3.00 and last traded at $2.94. 16,252 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 18,653 shares. The stock had previously closed at $2.82.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BGIN. Wall Street Zen upgraded Bgin Blockchain to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings assumed coverage on shares of Bgin Blockchain in a report on Thursday, January 15th. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Bgin Blockchain Trading Up 4.3%

The firm has a 50 day simple moving average of $3.01.

About Bgin Blockchain

Through our operating subsidiaries, we are a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. We were established as a cryptocurrency mining business in 2019. Given our limited financial resources at the time, we decided to focus on selected alternative cryptocurrencies as it was more cost effective. We leveraged our in-house technical expertise to design the software and the chips that could efficiently mine different types of cryptocurrencies that we focused on.