BTCS Inc. (NASDAQ:BTCS – Get Free Report) CEO Charles Allen sold 87,000 shares of BTCS stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.15, for a total value of $100,050.00. Following the completion of the sale, the chief executive officer owned 7,012,033 shares of the company’s stock, valued at $8,063,837.95. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BTCS Stock Performance
Shares of BTCS stock opened at $1.19 on Wednesday. The company has a market capitalization of $59.24 million, a PE ratio of -0.48 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. The company has a 50-day simple moving average of $1.70 and a two-hundred day simple moving average of $2.10. BTCS Inc. has a one year low of $1.07 and a one year high of $8.49.
BTCS (NASDAQ:BTCS – Get Free Report) last announced its earnings results on Thursday, March 26th. The company reported ($0.05) 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 during the quarter, compared to the consensus estimate of $4.50 million. Research analysts expect that BTCS Inc. will post 0.02 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several research firms have commented on BTCS. Weiss Ratings restated a “hold (c)” rating on shares of BTCS in a research report on Friday, March 27th. Wall Street Zen lowered BTCS from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 28th. Finally, HC Wainwright lowered their price objective on BTCS from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.00.
Get Our Latest Stock Analysis on BTCS
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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