In the last trading session, 5.88 million shares of the BTCS Inc (NASDAQ:BTCS) were traded, and its beta was 1.85. Most recently the company’s share price was $4.03, and it changed around $0.77 or 23.62% from the last close, which brings the market valuation of the company to $69.92M. BTCS currently trades at a discount to its 52-week high of $5.41, offering almost -34.24% off that amount. The share price’s 52-week low was $0.95, which indicates that the current value has risen by an impressive 76.43% since then. We note from BTCS Inc’s average daily trading volume that its 10-day average is 16.29 million shares, with the 3-month average coming to 2.58 million.
BTCS Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BTCS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. BTCS Inc is expected to report earnings per share of -0.06 for the current quarter.
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BTCS Inc (NASDAQ:BTCS) trade information
Instantly BTCS has showed a green trend with a performance of 23.62% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.41 on recent trading dayincreased the stock’s daily price by 25.51%. The company’s shares are currently up 147.24% year-to-date, but still up 39.93% over the last five days. On the other hand, BTCS Inc (NASDAQ:BTCS) is 233.06% up in the 30-day period. We can see from the shorts that 65910.0 shares have been sold at a short interest cover period of 0.7 day(s).
BTCS Inc (BTCS) estimates and forecasts
BTCS Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 130.29 percent over the past six months and at a 167.74% annual growth rate that is well above the industry average of 8.50%.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 600k in revenue for the current quarter. 1 analysts expect BTCS Inc to make 2.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 326.13k and 1.34M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 83.98%. Forecasts for the next quarter put sales growth at 56.76%.
BTCS Dividends
BTCS Inc’s next quarterly earnings report is expected to be released in December.
BTCS Inc (NASDAQ:BTCS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 43.62% of BTCS Inc shares, and 4.26% of them are in the hands of institutional investors. The stock currently has a share float of 7.55%. BTCS Inc stock is held by 27.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.3455% of the shares, which is about 0.37 million shares worth $0.51 million.
GEODE CAPITAL MANAGEMENT, LLC, with 0.5876% or 92204.0 shares worth $0.13 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 280.19 shares worth $1.13 million, making up 4.91% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 87.85 shares worth around $0.35 million, which represents about 1.54% of the total shares outstanding.
