HC Wainwright reaffirmed their buy rating on shares of BTCS (NASDAQ:BTCS – Free Report) in a research report released on Monday, Benzinga reports. The firm currently has a $3.00 target price on the stock. HC Wainwright also issued estimates for BTCS’s Q1 2024 earnings at ($0.05) EPS, Q2 2024 earnings at ($0.05) EPS, Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.06) EPS and FY2024 earnings at ($0.23) EPS.
BTCS Stock Performance
Shares of BTCS opened at $1.76 on Monday. The company has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $1.36. BTCS has a 52 week low of $0.85 and a 52 week high of $2.50. The firm has a market capitalization of $27.61 million, a P/E ratio of 3.14 and a beta of 1.58.
BTCS (NASDAQ:BTCS – Get Free Report) last issued its quarterly earnings data on Friday, March 22nd. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The firm 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%. As a group, equities analysts forecast that BTCS will post -0.23 earnings per share for the current year.
Insider Activity
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in BTCS stock. Virtu Financial LLC purchased a new stake in shares of BTCS Inc. (NASDAQ:BTCS – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 39,050 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned approximately 0.25% of BTCS at the end of the most recent quarter. 3.48% of the stock is owned by hedge funds and other institutional investors.
BTCS Company Profile
BTCS Inc focuses on blockchain infrastructure and staking in the United States. The company secures blockchain-infrastructure operations and operates validator nodes on disruptive next-generation blockchain networks. It 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.
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