BTCS Inc. (NASDAQ:BTCS – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 45,100 shares, a decline of 44.5% from the September 15th total of 81,300 shares. Based on an average daily volume of 105,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock are short sold.
BTCS Price Performance
Shares of NASDAQ BTCS traded up $0.05 on Friday, hitting $1.19. The company’s stock had a trading volume of 49,176 shares, compared to its average volume of 65,652. The stock has a 50 day moving average of $1.18 and a 200-day moving average of $1.41. The company has a market capitalization of $18.69 million, a price-to-earnings ratio of 0.92 and a beta of 1.52. BTCS has a 12-month low of $0.89 and a 12-month high of $2.50.
BTCS (NASDAQ:BTCS – Get Free Report) last posted its earnings results on Monday, August 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The firm had revenue of $0.56 million for the quarter, compared to analyst estimates of $0.40 million. BTCS had a negative return on equity of 13.94% and a net margin of 993.08%. Sell-side analysts expect that BTCS will post -0.08 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Separately, HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of BTCS in a research report on Thursday, August 22nd.
Read Our Latest Report on BTCS
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.
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