BTCS (OTCMKTS:BTCS) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

BTCS Inc. (OTCMKTS:BTCS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.37 and traded as low as $1.22. BTCS shares last traded at $1.25, with a volume of 187,172 shares trading hands.

BTCS Price Performance

The stock has a market capitalization of $20.65 million, a PE ratio of 1.34 and a beta of 1.52. The firm’s 50 day simple moving average is $1.17 and its 200 day simple moving average is $1.37.

BTCS (OTCMKTS:BTCS) last issued its earnings results on Monday, August 19th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.40 million. BTCS had a negative net margin of 370.07% and a negative return on equity of 43.20%. Analysts expect that BTCS Inc. will post -0.33 earnings per share for the current fiscal year.

BTCS Company Profile

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.