Q1 2024 Earnings Forecast for BTCS Inc. Issued By HC Wainwright (NASDAQ:BTCS)

BTCS Inc. (NASDAQ:BTCS) – HC Wainwright issued their Q1 2024 earnings per share estimates for BTCS in a research report issued on Monday, March 25th. HC Wainwright analyst K. Dede expects that the company will post earnings per share of ($0.05) for the quarter. HC Wainwright has a “Buy” rating and a $3.00 price objective on the stock. The consensus estimate for BTCS’s current full-year earnings is ($0.30) per share. HC Wainwright also issued estimates for BTCS’s Q2 2024 earnings at ($0.05) EPS, Q3 2024 earnings at ($0.06) EPS and Q4 2024 earnings at ($0.06) EPS.

BTCS (NASDAQ:BTCS) last posted its earnings results on Friday, March 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). BTCS had a net margin of 583.51% and a negative return on equity of 38.81%. The firm had revenue of $0.33 million during the quarter.

BTCS Price Performance

Shares of BTCS stock opened at $1.58 on Tuesday. BTCS has a 1-year low of $0.85 and a 1-year high of $2.50. The business’s fifty day moving average price is $1.57 and its two-hundred day moving average price is $1.36. The company has a market capitalization of $24.79 million, a P/E ratio of 2.82 and a beta of 1.58.

Insider Activity at BTCS

In related news, COO Michal Handerhan sold 28,165 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $1.51, for a total value of $42,529.15. Following the completion of the transaction, the chief operating officer now owns 1,683,331 shares in the company, valued at approximately $2,541,829.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Charles W. Allen sold 50,000 shares of BTCS stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $1.56, for a total transaction of $78,000.00. Following the transaction, the chief executive officer now directly owns 4,264,220 shares in the company, valued at approximately $6,652,183.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Michal Handerhan sold 28,165 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $1.51, for a total value of $42,529.15. Following the completion of the sale, the chief operating officer now owns 1,683,331 shares of the company’s stock, valued at approximately $2,541,829.81. The disclosure for this sale can be found here. Insiders have sold a total of 123,703 shares of company stock worth $191,568 over the last ninety days. 40.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BTCS stock. Virtu Financial LLC acquired a new stake in shares of BTCS Inc. (NASDAQ:BTCS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 39,050 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned approximately 0.25% of BTCS at the end of the most recent quarter. 3.48% of the stock is owned by institutional investors and hedge funds.

BTCS Company Profile

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.