BTCS (NASDAQ:BTCS) Releases Quarterly Earnings Results

BTCS (NASDAQ:BTCS) posted its quarterly earnings results on Thursday. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.29), Zacks reports. The business had revenue of $2.20 million during the quarter, compared to analyst estimates of $2.20 million. BTCS had a negative return on equity of 15.42% and a net margin of 366.80%.

BTCS Price Performance

Shares of BTCS stock traded up $0.01 during trading on Friday, hitting $1.81. 33,845 shares of the stock were exchanged, compared to its average volume of 962,955. The stock has a market cap of $30.82 million, a price-to-earnings ratio of 4.41 and a beta of 3.05. The firm’s 50-day moving average price is $2.56 and its 200 day moving average price is $2.28. BTCS has a 12-month low of $0.95 and a 12-month high of $5.41.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price objective on shares of BTCS from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th.

About BTCS

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.