BTCS Inc. to Post Q2 2024 Earnings of ($0.04) Per Share, HC Wainwright Forecasts (NASDAQ:BTCS)

BTCS Inc. (NASDAQ:BTCS) – HC Wainwright increased their Q2 2024 EPS estimates for BTCS in a research note issued on Thursday, May 16th. HC Wainwright analyst K. Dede now forecasts that the company will post earnings per share of ($0.04) for the quarter, up from their prior estimate of ($0.05). HC Wainwright currently has a “Buy” rating and a $3.00 price target on the stock. The consensus estimate for BTCS’s current full-year earnings is ($0.19) per share. HC Wainwright also issued estimates for BTCS’s Q3 2024 earnings at ($0.05) EPS, Q4 2024 earnings at ($0.05) EPS and FY2024 earnings at ($0.19) EPS.

BTCS (NASDAQ:BTCS) last posted its earnings results on Friday, March 22nd. The company reported ($0.09) earnings per share for the quarter, meeting 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 firm had revenue of $0.33 million during the quarter.

BTCS Stock Up 4.8 %

NASDAQ BTCS opened at $1.75 on Monday. The company has a fifty day moving average of $1.51 and a two-hundred day moving average of $1.52. The firm has a market capitalization of $27.48 million, a price-to-earnings ratio of 1.29 and a beta of 1.64. BTCS has a 52 week low of $0.85 and a 52 week high of $2.50.

Insiders Place Their Bets

In other BTCS news, COO Michal Handerhan sold 28,165 shares of BTCS stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $1.51, for a total transaction of $42,529.15. Following the completion of the transaction, the chief operating officer now directly owns 1,683,331 shares of the company’s stock, valued at $2,541,829.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 40.20% of the stock is owned by insiders.

About BTCS

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.