BTCS Inc. (NASDAQ:BTCS – Get Free Report) insider Benjamin Henry Hunter sold 10,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $1.21, for a total transaction of $12,100.00. Following the sale, the insider directly owned 1,278,018 shares in the company, valued at $1,546,401.78. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
BTCS Stock Performance
NASDAQ BTCS traded down $0.05 during mid-day trading on Friday, reaching $1.13. 638,974 shares of the stock were exchanged, compared to its average volume of 829,196. The business’s 50 day moving average is $1.71 and its 200-day moving average is $2.14. BTCS Inc. has a 1 year low of $1.07 and a 1 year high of $8.49. The company has a market capitalization of $56.25 million, a P/E ratio of -0.46 and a beta of 3.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.90 and a current ratio of 2.90.
BTCS (NASDAQ:BTCS – Get Free Report) last announced its quarterly earnings results on Thursday, March 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). BTCS had a negative return on equity of 14.31% and a negative net margin of 503.06%.The firm had revenue of $7.09 million for the quarter, compared to analysts’ expectations of $4.50 million. On average, equities research analysts forecast that BTCS Inc. will post 0.02 EPS for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Analysis on BTCS
Institutional Investors Weigh In On BTCS
Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of BTCS by 1,856.8% in the third quarter. Bank of America Corp DE now owns 10,880 shares of the company’s stock valued at $53,000 after buying an additional 10,324 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of BTCS in the third quarter valued at about $58,000. Boothbay Fund Management LLC acquired a new stake in shares of BTCS in the fourth quarter valued at about $42,000. Intesa Sanpaolo S.p.A. acquired a new stake in shares of BTCS in the fourth quarter valued at about $43,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of BTCS in the fourth quarter valued at about $51,000. 3.48% of the stock is currently owned by institutional investors and hedge funds.
BTCS Company Profile
BTCS, Inc (NASDAQ: BTCS) is a digital asset technology company focused on blockchain infrastructure and related investments. Originally founded in 2012 as Bitcoin Shop, Inc, the company pivoted in 2018 to concentrate on blockchain technology applications, digital asset management and strategic investments in early-stage ventures. BTCS holds a diversified portfolio that includes cryptocurrency mining equipment, digital wallets, and equity stakes in promising blockchain startups.
In its mining operations, BTCS acquires and manages mining hardware to secure blockchain networks and generate newly minted digital tokens.
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