HC Wainwright Has Positive Estimate for BTCS Q4 Earnings

BTCS Inc. (NASDAQ:BTCS) – Investment analysts at HC Wainwright lifted their Q4 2024 earnings per share estimates for shares of BTCS in a note issued to investors on Tuesday, December 24th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of ($0.05) per share for the quarter, up from their prior 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 NASDAQ:BTCS opened at $2.54 on Friday. BTCS has a 52-week low of $0.95 and a 52-week high of $5.41. The stock has a market cap of $43.24 million, a price-to-earnings ratio of 6.20 and a beta of 2.10. The business has a 50-day moving average price of $2.74 and a 200-day moving average price of $1.81.

Insider Buying and Selling

In other news, Director Melanie Pump sold 22,000 shares of the business’s 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 transaction, the director now owns 38,735 shares of the company’s stock, valued at $135,185.15. The trade was a 36.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 44.30% of the stock is owned by corporate insiders.

Institutional Trading of BTCS

An institutional investor recently bought a new position in BTCS stock. Heron Bay Capital Management bought a new position in shares of BTCS Inc. (NASDAQ:BTCS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned approximately 0.28% of BTCS as of its most recent SEC filing. Institutional investors and hedge funds own 3.48% of the company’s stock.

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.