BTCS Inc. (NASDAQ:BTCS – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 81,300 shares, a decline of 21.1% from the August 31st total of 103,000 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 106,100 shares, the short-interest ratio is presently 0.8 days.
BTCS Price Performance
Shares of NASDAQ:BTCS remained flat at $1.19 during midday trading on Friday. The stock had a trading volume of 38,134 shares, compared to its average volume of 155,504. The stock’s fifty day moving average is $1.26 and its 200 day moving average is $1.42. The firm has a market capitalization of $18.69 million, a PE ratio of 0.92 and a beta of 1.52. BTCS has a 12 month low of $0.88 and a 12 month high of $2.50.
BTCS (NASDAQ:BTCS – Get Free Report) last announced its earnings results on Monday, August 19th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.40 million. BTCS had a negative return on equity of 13.94% and a net margin of 993.08%. Analysts forecast that BTCS will post -0.08 EPS for the current fiscal year.
Institutional Investors Weigh In On BTCS
Analyst Upgrades and Downgrades
Separately, HC Wainwright restated a “buy” rating and issued a $3.00 price objective on shares of BTCS in a research note on Thursday, August 22nd.
View Our Latest Stock Analysis on BTCS
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.
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