Q3 2024 EPS Estimates for BTCS Inc. (NASDAQ:BTCS) Reduced by HC Wainwright

BTCS Inc. (NASDAQ:BTCS) – Equities researchers at HC Wainwright lowered their Q3 2024 EPS estimates for BTCS in a research note issued to investors on Thursday, August 22nd. HC Wainwright analyst K. Dede now forecasts that the company will earn ($0.06) per share for the quarter, down from their prior estimate of ($0.05). HC Wainwright currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for BTCS’s current full-year earnings is ($0.19) per share. HC Wainwright also issued estimates for BTCS’s Q4 2024 earnings at ($0.06) EPS and FY2024 earnings at ($0.08) EPS.

BTCS Trading Up 0.8 %

NASDAQ BTCS opened at $1.30 on Monday. BTCS has a 1-year low of $0.85 and a 1-year high of $2.50. The company has a market capitalization of $21.02 million, a PE ratio of 1.01 and a beta of 1.60. The firm’s fifty day simple moving average is $1.42 and its 200-day simple moving average is $1.51.

Hedge Funds Weigh In On 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 Securities & Exchange Commission. The institutional investor bought 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned about 0.28% of BTCS at the end of the most recent reporting period. 3.48% of the stock is currently owned by institutional investors.

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.