BTCS (NASDAQ:BTCS) Trading Down 4.1%

BTCS Inc. (NASDAQ:BTCSGet Free Report)’s share price traded down 4.1% on Thursday . The stock traded as low as $1.40 and last traded at $1.40. 46,388 shares were traded during trading, a decline of 79% from the average session volume of 219,370 shares. The stock had previously closed at $1.46.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of BTCS in a research note on Monday, March 25th.

View Our Latest Stock Analysis on BTCS

BTCS Stock Down 4.1 %

The company’s fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.46. The company has a market capitalization of $21.98 million, a price-to-earnings ratio of 2.50 and a beta of 1.64.

BTCS (NASDAQ:BTCSGet Free Report) last issued its quarterly earnings data on Friday, March 22nd. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $0.33 million for the quarter. BTCS had a net margin of 583.51% and a negative return on equity of 38.81%. Equities research analysts expect that BTCS Inc. will post -0.23 earnings per share for the current year.

Insider Activity

In other news, CEO Charles W. Allen sold 50,000 shares of BTCS stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $1.56, for a total value of $78,000.00. Following the completion of the transaction, the chief executive officer now owns 4,264,220 shares of the company’s stock, valued at approximately $6,652,183.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Michal Handerhan sold 28,165 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $1.51, for a total value of $42,529.15. Following the transaction, the chief operating officer now owns 1,683,331 shares in the company, valued at approximately $2,541,829.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Charles W. Allen sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $1.56, for a total transaction of $78,000.00. Following the completion of the transaction, the chief executive officer now owns 4,264,220 shares in the company, valued at approximately $6,652,183.20. The disclosure for this sale can be found here. Insiders sold a total of 123,703 shares of company stock valued at $191,568 in the last quarter. Company insiders own 40.20% of the company’s stock.

About BTCS

(Get Free Report)

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.

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