BTCS (NASDAQ:BTCS) Posts Earnings Results, Misses Estimates By $0.29 EPS

BTCS (NASDAQ:BTCS) released its quarterly earnings results on Thursday. The company reported ($0.34) earnings per share 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 Stock Performance

NASDAQ BTCS traded down $0.04 on Thursday, hitting $1.86. The stock had a trading volume of 131,446 shares, compared to its average volume of 962,990. The firm has a 50-day moving average of $2.58 and a 200-day moving average of $2.28. The company has a market capitalization of $31.67 million, a price-to-earnings ratio of 4.54 and a beta of 3.05. BTCS has a 52-week low of $0.95 and a 52-week high of $5.41.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their target price on shares of BTCS from $3.00 to $5.00 and gave the company 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.