BTCS (OTCMKTS:BTCS) Shares Cross Above Fifty Day Moving Average of $1.68

BTCS Inc. (OTCMKTS:BTCSGet Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.68 and traded as high as $1.74. BTCS shares last traded at $1.64, with a volume of 239,967 shares.

BTCS Stock Performance

The firm has a fifty day moving average of $1.68 and a 200-day moving average of $1.24. The stock has a market capitalization of $23.57 million, a price-to-earnings ratio of -5.29 and a beta of 1.63.

BTCS (OTCMKTS:BTCSGet Free Report) last announced its earnings results on Thursday, November 9th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.04. The business had revenue of $0.32 million for the quarter, compared to the consensus estimate of $0.40 million. BTCS had a negative return on equity of 43.20% and a negative net margin of 370.07%. On average, analysts predict that BTCS Inc. will post -0.33 EPS for the current year.

Institutional Investors Weigh In On BTCS

A number of large investors have recently added to or reduced their stakes in BTCS. Advisor Group Holdings Inc. raised its position in shares of BTCS by 39,627.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,151 shares of the company’s stock valued at $30,000 after purchasing an additional 7,133 shares in the last quarter. Jane Street Group LLC raised its holdings in BTCS by 103.5% in the third quarter. Jane Street Group LLC now owns 20,973 shares of the company’s stock valued at $31,000 after acquiring an additional 10,669 shares in the last quarter. Vident Investment Advisory LLC bought a new position in BTCS during the 1st quarter valued at $47,000. State Street Corp acquired a new position in BTCS during the 1st quarter worth $59,000. Finally, Vanguard Group Inc. increased its position in shares of BTCS by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 367,884 shares of the company’s stock worth $552,000 after purchasing an additional 30,900 shares during the last quarter. 3.54% of the stock is owned by institutional investors and hedge funds.

BTCS Company Profile

(Get Free Report)

BTCS Inc focuses on blockchain infrastructure and staking in the United States. The company secures blockchain-infrastructure operations and operates validator nodes on disruptive next-generation blockchain networks. It 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.

Further Reading

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