In the latest trading session, 17.75 million BTCS Inc (NASDAQ:BTCS) shares changed hands as the company’s beta touched 1.73. With the company’s most recent per share price at $3.03 changing hands around $1.15 or 61.17% at last look, the market valuation stands at $50.16M. BTCS’s last price was a premium, traded about 17.49% off its 52-week high of $2.50. The share price had its 52-week low at $0.95, which suggests the last value was 68.65% up since then. When we look at BTCS Inc’s average trading volume, we note the 10-day average is 0.27 million shares, with the 3-month average coming to 115.48K.
BTCS Inc (NASDAQ:BTCS) trade information
Instantly BTCS is in green as seen in intraday trades today. With action 140.48%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 85.89%, with the 5-day performance at 140.48% in the green. However, in the 30-day time frame, BTCS Inc (NASDAQ:BTCS) is 136.72% up. Looking at the short shares, we see there were 97715.0 shares sold at short interest cover period of 1.28 days.
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BTCS Inc (BTCS) estimates and forecasts
Data shows that the BTCS Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 100.66% over the past 6 months, a 167.74% in annual growth rate that is considerably higher than the industry average of 9.80%. Year-over-year growth is forecast to reach 56.70% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 600k. 1 analysts are of the opinion that BTCS Inc’s revenue for the current quarter will be 600k. The company’s revenue for the corresponding quarters a year ago was 316k and 326k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 89.90%. The estimates for the next quarter sales put growth at 84.00%.
The 2024 estimates are for BTCS Inc earnings to decrease by -61.82%.
BTCS Dividends
BTCS Inc is expected to release its next quarterly earnings report on 2024-Nov-12.
BTCS Inc (NASDAQ:BTCS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 43.62% of BTCS Inc shares while 4.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.19%. There are 4.05% institutions holding the BTCS Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.3455% of the shares, roughly 0.37 million BTCS shares worth $0.51 million.
GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.5876% or 92204.0 shares worth $0.13 million as of 2024-06-30.
