Will BTCS Inc (NASDAQ: BTCS) Stock Boom Or Bust From Here?

During the recent session, BTCS Inc (NASDAQ:BTCS)’s traded shares were 0.62 million, with the beta value of the company hitting 2.01. At the last check today, the stock’s price was $3.69, reflecting an intraday loss of -2.12% or -$0.08. The 52-week high for the BTCS share is $5.41, that puts it down -46.61 from that peak though still a striking 74.25% gain since the share price plummeted to a 52-week low of $0.95. The company’s market capitalization is $64.02M, and the average intraday trading volume over the past 10 days was 17.53 million shares, and the average trade volume was 2.78 million shares over the past three months.

BTCS Inc (NASDAQ:BTCS) trade information

BTCS Inc (BTCS) registered a -2.12% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.12% in intraday trading to $3.69, hitting a weekly high. The stock’s 5-day price performance is -15.17%, and it has moved by 204.96% in 30 days. Based on these gigs, the overall price performance for the year is 273.37%. The short interest in BTCS Inc (NASDAQ:BTCS) is 65910.0 shares and it means that shorts have 0.7 day(s) to cover.

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BTCS Inc (BTCS) estimates and forecasts

Statistics show that BTCS Inc has outperformed its competitors in share price, compared to the industry in which it operates. BTCS Inc (BTCS) shares have gone up 118.34% during the last six months, with a year-to-date growth rate more than the industry average at 167.74% against 8.60. In the rating firms’ projections, revenue will increase 56.76% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 600k as predicted by 1 analyst(s).

While earnings are projected to return -61.82% in 2024.

BTCS Dividends

BTCS Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

BTCS Inc (NASDAQ:BTCS)’s Major holders

BTCS Inc insiders own 43.62% of total outstanding shares while institutional holders control 4.26%, with the float percentage being 7.55%. VANGUARD GROUP INC is the largest shareholder of the company, while 27.0 institutions own stock in it. As of 2024-06-30, the company held over 0.37 million shares (or 2.3455% of all shares), a total value of $0.51 million in shares.

The next largest institutional holding, with 92204.0 shares, is of GEODE CAPITAL MANAGEMENT, LLC’s that is approximately 0.5876% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.13 million.

Also, the Mutual Funds coming in first place with the largest holdings of BTCS Inc (BTCS) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 280.19 shares. This amounts to just over 4.91 percent of the company’s overall shares, with a $1.04 million market value. The same data shows that the other fund manager holds slightly less at 87.85, or about 1.54% of the stock, which is worth about $0.33 million.