In the last trading session, 3.03 million shares of the BTCS Inc (NASDAQ:BTCS) were traded, and its beta was 2.24. Most recently the company’s share price was $3.41, and it changed around -$0.16 or -4.48% from the last close, which brings the market valuation of the company to $64.79M. BTCS currently trades at a discount to its 52-week high of $5.41, offering almost -58.65% off that amount. The share price’s 52-week low was $0.95, which indicates that the current value has risen by an impressive 72.14% since then. We note from BTCS Inc’s average daily trading volume that its 10-day average is 1.03 million shares, with the 3-month average coming to 3.35 million.
BTCS Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BTCS as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. BTCS Inc is expected to report earnings per share of -0.05 for the current quarter.
BTCS Inc (NASDAQ:BTCS) trade information
Instantly BTCS has showed a red trend with a performance of -4.48% 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 4.14 on recent trading dayincreased the stock’s daily price by 17.63%. The company’s shares are currently up 38.06% year-to-date, but still up 43.88% over the last five days. On the other hand, BTCS Inc (NASDAQ:BTCS) is 8.25% 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 104.19 percent over the past six months and at a 19.35% annual growth rate that is well above the industry average of 6.60%. The year-over-year growth rate is expected to be 191.13%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 2.2M in revenue for the current quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 574.58%.
BTCS Dividends
BTCS Inc’s next quarterly earnings report is expected to be released in February.
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.
