Gemini Space Station (NASDAQ:GEMI) Reaches New 52-Week Low - What's Next?

Key Points

• Gemini Space Station (NASDAQ:GEMI) reached a new 52-week low on Tuesday, trading as low as $22.20 before closing at $23.45 with a volume of over 2.75 million shares.
• Recent analyst coverage has resulted in a consensus rating of "Moderate Buy" with a price target averaging $31.64, indicating potential upward movement despite current lows.
• Multiple firms, including Truist Financial and Mizuho, began coverage with optimistic ratings, suggesting that analysts see value in the stock despite its recent performance decline.

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $22.20 and last traded at $23.45, with a volume of 2753833 shares traded. The stock had previously closed at $23.30.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GEMI shares. Truist Financial started coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They issued a "buy" rating and a $31.00 price target on the stock. Mizuho started coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They issued an "outperform" rating and a $30.00 price target on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Gemini Space Station in a research note on Tuesday, October 7th. They issued a "market perform" rating and a $27.00 price target on the stock. Evercore ISI assumed coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, Rosenblatt Securities assumed coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued a "buy" rating and a $30.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Gemini Space Station has a consensus rating of "Moderate Buy" and a consensus price target of $31.64.

Gemini Space Station Stock Performance

About Gemini Space Station

Our mission is to unlock the next era of financial, creative, and personal freedom. Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure.

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