Research Analysts Set Expectations for BTCS Q4 Earnings

BTCS Inc. (NASDAQ:BTCS) – Stock analysts at HC Wainwright boosted their Q4 2024 earnings estimates for BTCS in a research report issued to clients and investors on Tuesday, December 24th. HC Wainwright analyst K. Dede now forecasts that the company will post earnings of ($0.05) per share for the quarter, up from their previous estimate of ($0.06). HC Wainwright has a “Buy” rating and a $5.00 price objective on the stock. The consensus estimate for BTCS’s current full-year earnings is ($0.08) per share.

BTCS Stock Down 1.9 %

Shares of BTCS opened at $2.54 on Friday. The firm has a 50 day moving average of $2.74 and a 200 day moving average of $1.81. The company has a market capitalization of $43.24 million, a P/E ratio of 6.20 and a beta of 2.10. BTCS has a twelve month low of $0.95 and a twelve month high of $5.41.

Insiders Place Their Bets

In other news, Director Melanie Pump sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $3.49, for a total transaction of $76,780.00. Following the transaction, the director now directly owns 38,735 shares of the company’s stock, valued at approximately $135,185.15. This trade represents a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 44.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BTCS stock. Virtu Financial LLC purchased a new position in BTCS Inc. (NASDAQ:BTCS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned about 0.14% of BTCS at the end of the most recent quarter. Institutional investors own 3.48% of the company’s stock.

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.