Gemini Space Station (NASDAQ:GEMI) Sets New 1-Year Low - Here's What Happened

Key Points

• Gemini Space Station's stock hit a new 52-week low during trading at $19.15, showing a decline from the previous close of $20.24.
• Research analysts have provided mixed forecasts, with ratings ranging from "buy" to "hold" and a price target average of $31.64.
• The company aims to transform the financial sector by bridging traditional finance with the emerging cryptoeconomy.

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $19.15 and last traded at $19.18, with a volume of 567761 shares changing hands. The stock had previously closed at $20.24.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They issued a "buy" rating and a $31.00 price target for the company. Citigroup assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They issued a "neutral" rating and a $26.00 price target for the company. Keefe, Bruyette & Woods assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They issued a "market perform" rating and a $27.00 price target for the company. Cantor Fitzgerald assumed coverage on Gemini Space Station in a report on Tuesday, October 7th. They issued an "overweight" rating and a $37.00 price target for the company. Finally, Zacks Research raised Gemini Space Station to a "hold" rating in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $31.64.

Gemini Space Station Trading Down 5.9%

Gemini Space Station Company Profile

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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