BTCS (OTCMKTS:BTCS) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

BTCS Inc. (OTCMKTS:BTCS) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.17 and traded as high as $1.25. BTCS shares last traded at $1.21, with a volume of 85,754 shares.

BTCS Stock Down 1.6 %

The business has a fifty day simple moving average of $1.17 and a 200-day simple moving average of $1.38. The firm has a market cap of $19.00 million, a P/E ratio of 0.94 and a beta of 1.52.

BTCS (OTCMKTS:BTCS) last issued its quarterly earnings results on Monday, August 19th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). BTCS had a negative return on equity of 43.20% and a negative net margin of 370.07%. The firm had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.40 million. On average, sell-side analysts anticipate that BTCS Inc. will post -0.33 EPS for the current fiscal year.

BTCS Company Profile

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.