HC Wainwright Reaffirms “Buy” Rating for BTCS (NASDAQ:BTCS)

HC Wainwright restated their buy rating on shares of BTCS (NASDAQ:BTCSFree Report) in a research report released on Thursday, Benzinga reports. HC Wainwright currently has a $3.00 price target on the stock.

BTCS Trading Down 3.2 %

BTCS opened at $1.50 on Thursday. The company has a market capitalization of $23.55 million, a price-to-earnings ratio of 1.16 and a beta of 1.64. BTCS has a 12-month low of $0.85 and a 12-month high of $2.50. The business’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $1.51.

BTCS (NASDAQ:BTCSGet Free Report) last released its quarterly earnings data on Friday, March 22nd. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). BTCS had a net margin of 1,519.73% and a negative return on equity of 20.75%. The company had revenue of $0.33 million during the quarter. On average, equities research analysts predict that BTCS will post -0.19 EPS for the current year.

Insider Buying and Selling

In other BTCS news, CEO Charles W. Allen sold 50,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $1.56, for a total transaction of $78,000.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Michal Handerhan sold 45,538 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $1.56, for a total transaction of $71,039.28. Following the completion of the transaction, the chief operating officer now owns 1,718,340 shares in the company, valued at approximately $2,680,610.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles W. Allen sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $1.56, for a total transaction of $78,000.00. Following the sale, the chief executive officer now directly owns 4,264,220 shares of the company’s stock, valued at approximately $6,652,183.20. The disclosure for this sale can be found here. Insiders sold 123,703 shares of company stock valued at $191,568 over the last 90 days. Corporate insiders own 40.20% of the company’s stock.

BTCS Company Profile

(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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