2 weeks Ago By ABMN Staff
BTCS Inc. ( NASDAQ:BTCS – Get Free Report ) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 81,300 shares, a drop of 21.
1% from the August 31st total of 103,000 shares. Based on an average daily volume of 106,100 shares, the days-to-cover ratio is presently 0.8 days.
Approximately 0.9% of the company’s shares are short sold. BTCS Stock Performance Shares of BTCS stock remained flat at $1.
19 on Friday. The stock had a trading volume of 38,134 shares, compared to its average volume of 155,504. BTCS has a fifty-two week low of $0.
88 and a fifty-two week high of $2.50. The stock has a market capitalization of $18.
69 million, a price-to-earnings ratio of 0.92 and a beta of 1.52.
The company’s fifty day simple moving average is $1.26 and its 200-day simple moving average is $1.42.
BTCS ( NASDAQ:BTCS – Get Free Report ) last issued its quarterly earnings data on Monday, August 19th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.
04). BTCS had a net margin of 993.08% and a negative return on equity of 13.
94%. The business had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.
40 million. As a group, sell-side analysts predict that BTCS will post -0.08 earnings per share for the current fiscal year.
Institutional Inflows and Outflows Analyst Upgrades and Downgrades Separately, HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of BTCS in a research note on Thursday, August 22nd. Check Out Our Latest Report on BTCS BTCS Company Profile ( 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. Featured Stories Receive News & Ratings for BTCS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BTCS and related companies with MarketBeat.
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