BTCS (NASDAQ:BTCS) Announces Quarterly Earnings Results

BTCS (NASDAQ:BTCS) issued its earnings results on Thursday. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.29), Zacks reports. BTCS had a negative return on equity of 15.42% and a net margin of 366.80%.

BTCS Trading Down 2.4 %

Shares of NASDAQ:BTCS traded down $0.05 during trading on Thursday, reaching $1.86. 132,813 shares of the company traded hands, compared to its average volume of 963,026. The firm has a market capitalization of $31.58 million, a price-to-earnings ratio of 4.56 and a beta of 3.05. BTCS has a 52-week low of $0.95 and a 52-week high of $5.41. The business’s fifty day moving average is $2.58 and its 200-day moving average is $2.28.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their target price on BTCS from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th.

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.