HC Wainwright Forecasts Strong Price Appreciation for BTCS (NASDAQ:BTCS) Stock

Posted by Max Byerly on Dec 25th, 2024

BTCS (NASDAQ:BTCS – Free Report) had its target price raised by HC Wainwright from $3.00 to $5.00 in a report released on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock.

BTCS Trading Up 15.8 %

Shares of NASDAQ:BTCS opened at $2.86 on Tuesday. The stock has a market capitalization of $48.69 million, a P/E ratio of 6.98 and a beta of 2.08. BTCS has a 12-month low of $0.95 and a 12-month high of $5.41. The stock’s 50-day moving average price is $2.62 and its 200-day moving average price is $1.78.

Insider Activity at BTCS

In other news, Director Melanie Pump sold 22,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $3.49, for a total transaction of $76,780.00. Following the completion of the transaction, the director now directly owns 38,735 shares of the company’s stock, valued at approximately $135,185.15. This represents a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 44.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BTCS

An institutional investor recently bought a new position in BTCS stock. Heron Bay Capital Management bought a new position in BTCS Inc. (NASDAQ:BTCS – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned 0.28% of BTCS at the end of the most recent quarter. 3.48% of the stock is currently owned by hedge funds and other institutional investors.

About BTCS

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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.