Key Points
- CEO Charles Allen bought 67,501 shares at $2.89 each on Nov 19 for a total of $195,077.89, raising his direct stake to 4,666,506 shares (a 1.47% ownership increase).
- BTCS shares traded at $3.06 (one-year range $1.25–$8.49) with a market cap of about $143.5 million and a P/E of 4.24.
- The company reported quarterly EPS of -$0.15 (missing estimates) but revenue of $4.94M (ahead of estimates), recently paid a $0.05 dividend, and has a consensus analyst rating of "Hold" with a $7.00 price target.
BTCS Inc. (NASDAQ:BTCS - Get Free Report) CEO Charles Allen bought 19,499 shares of the stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $2.90 per share, with a total value of $56,547.10. Following the acquisition, the chief executive officer owned 4,599,005 shares in the company, valued at approximately $13,337,114.50. This represents a 0.43% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
BTCS Stock Up 8.8%
Shares of NASDAQ:BTCS traded up $0.25 during mid-day trading on Thursday, reaching $3.04. 638,569 shares of the stock were exchanged, compared to its average volume of 3,382,962. The stock's 50 day simple moving average is $4.20 and its 200-day simple moving average is $3.80. BTCS Inc. has a one year low of $1.25 and a one year high of $8.49. The company has a market cap of $142.16 million, a P/E ratio of 4.19 and a beta of 1.19. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.05.
BTCS (NASDAQ:BTCS - Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.13). The firm had revenue of $4.94 million for the quarter, compared to analyst estimates of $3.00 million. BTCS had a negative return on equity of 25.01% and a net margin of 464.44%. As a group, equities research analysts predict that BTCS Inc. will post -0.08 EPS for the current year.
BTCS Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, September 26th were paid a $0.05 dividend. The ex-dividend date was Friday, September 26th.
Institutional Trading of BTCS
Several hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new position in BTCS in the 3rd quarter valued at $58,000. Millennium Management LLC acquired a new position in shares of BTCS in the third quarter valued at about $449,000. Bank of America Corp DE increased its position in BTCS by 1,856.8% during the third quarter. Bank of America Corp DE now owns 10,880 shares of the company's stock worth $53,000 after acquiring an additional 10,324 shares during the period. Vident Advisory LLC acquired a new stake in BTCS in the 3rd quarter worth about $750,000. Finally, Quantbot Technologies LP bought a new stake in BTCS in the 3rd quarter valued at about $125,000. 3.48% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on BTCS. HC Wainwright raised their price objective on BTCS from $5.00 to $7.00 and gave the company a "buy" rating in a report on Friday, August 15th. Zacks Research upgraded BTCS from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of BTCS in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.00.
Check Out Our Latest Report on BTCS
About BTCS
(
Get Free Report)
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.
Further Reading
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