BTCS Inc. (NASDAQ:BTCS – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 97,700 shares, an increase of 116.6% from the September 30th total of 45,100 shares. Based on an average daily volume of 97,200 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the shares of the stock are sold short.
BTCS Stock Performance
BTCS stock traded down $0.03 during midday trading on Friday, reaching $1.18. 60,960 shares of the company were exchanged, compared to its average volume of 148,393. The company has a market capitalization of $18.53 million, a price-to-earnings ratio of 0.91 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 $1.38. BTCS has a 1 year low of $0.89 and a 1 year high of $2.50.
BTCS (NASDAQ:BTCS – Get Free Report) last issued its quarterly earnings results on Monday, August 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). BTCS had a negative return on equity of 13.94% and a net margin of 993.08%. The firm had revenue of $0.56 million for the quarter, compared to analyst estimates of $0.40 million. On average, analysts forecast that BTCS will post -0.08 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on BTCS
Institutional Trading of BTCS
An institutional investor recently bought a new position in BTCS stock. Heron Bay Capital Management purchased a new position in BTCS Inc. (NASDAQ:BTCS – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned about 0.28% of BTCS at the end of the most recent quarter. 3.48% of the stock is owned by institutional investors.
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.
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