HC Wainwright Issues Optimistic Outlook for BTCS Earnings

BTCS Inc. (NASDAQ:BTCS) – Research analysts at HC Wainwright raised their Q4 2024 earnings 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 earn ($0.05) per share for the quarter, up from their prior estimate of ($0.06). HC Wainwright currently has a “Buy” rating and a $5.00 target price on the stock. The consensus estimate for BTCS’s current full-year earnings is ($0.08) per share.

BTCS Price Performance

Shares of NASDAQ:BTCS opened at $2.59 on Friday. The stock has a market cap of $44.09 million, a price-to-earnings ratio of 6.32 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 $2.69 and its 200 day moving average price is $1.79.

Insider Activity

In other news, Director Melanie Pump sold 22,000 shares of the firm’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 owns 38,735 shares in the company, valued at approximately $135,185.15. This trade represents a 36.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 44.30% of the stock is owned by insiders.

Institutional Trading of BTCS

A hedge fund recently bought a new stake in BTCS stock. Heron Bay Capital Management bought a new position in BTCS Inc. (NASDAQ:BTCS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (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 reporting period. 3.48% of the stock is currently owned by institutional investors and hedge funds.

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.