HC Wainwright Comments on BTCS’s Q4 Earnings (NASDAQ:BTCS)

BTCS Inc. (NASDAQ:BTCS) – Investment analysts at HC Wainwright upped their Q4 2024 earnings per share estimates for BTCS in a research report issued on Tuesday, December 24th. HC Wainwright analyst K. Dede now expects 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 Performance

NASDAQ BTCS opened at $2.54 on Friday. The stock has a market cap of $43.24 million, a PE ratio of 6.20 and a beta of 2.08. BTCS has a fifty-two week low of $0.95 and a fifty-two week high of $5.41. The firm’s fifty day moving average price is $2.74 and its two-hundred day moving average price is $1.81.

Institutional Trading of BTCS

An institutional investor recently bought a new position in BTCS stock. Virtu Financial LLC bought a new position in shares of BTCS Inc. (NASDAQ:BTCS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned 0.14% of BTCS as of its most recent SEC filing. Institutional investors and hedge funds own 3.48% of the company’s stock.

Insider Activity

In other news, Director Melanie Pump sold 22,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $3.49, for a total value of $76,780.00. Following the completion of the sale, the director now owns 38,735 shares of the company’s stock, valued at approximately $135,185.15. This represents a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 44.30% 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.