BTCS Inc (NASDAQ: BTCS) is 131.29% higher on its value in year-to-date trading and has touched a low of $0.95 and a high of $5.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BTCS stock was last observed hovering at around $3.38 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $3.77, the stock is 33.33% and 103.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 11.54% at the moment leaves the stock 142.07% off its SMA200. BTCS registered 274.75% gain for a year compared to 6-month loss of 134.16%. The firm has a 50-day simple moving average (SMA 50) of $1.8497 and a 200-day simple moving average (SMA200) of $1.5574.
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The stock witnessed a 187.79% gain in the last 1 month and extending the period to 3 months gives it a 214.17%, and is -2.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.74% over the week and 24.65% over the month.
BTCS Inc (BTCS) has around 5 employees, a market worth around $72.96M and $2.01M in sales. Current P/E ratio is 10.59. Profit margin for the company is 366.73%. Distance from 52-week low is 296.84% and -30.31% from its 52-week high. The company has generated returns on investments over the last 12 months (29.29%).
The EPS is expected to shrink by -61.82% this year
27.0 institutions hold shares in BTCS Inc (BTCS), with institutional investors hold 7.55% of the company’s shares. The shares outstanding are 15.32M, and float is at 9.67M with Short Float at 18.03%. Institutions hold 4.26% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.37 million shares valued at $0.51 million. The investor’s holdings represent 2.3455 of the BTCS Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 92204.0 shares valued at $0.13 million to account for 0.5876 of the shares outstanding. The other top investors are HERON BAY CAPITAL MANAGEMENT which holds 44435.0 shares representing 0.2832 and valued at over $61320.0, while DLK INVESTMENT MANAGEMENT, LLC holds 0.2013 of the shares totaling 31590.0 with a market value of $43594.0.
BTCS Inc (BTCS) Insider Activity
The most recent transaction is an insider sale by Pump Melanie, the company’s Director. SEC filings show that Pump Melanie sold 22,000 shares of the company’s common stock on Nov 25 ’24 at a price of $3.49 per share for a total of $76780.0. Following the sale, the insider now owns 38735.0 shares.
Still, SEC filings show that on Jun 05 ’24, Pump Melanie (Director) disposed off 14,998 shares at an average price of $1.56 for $23397.0. The insider now directly holds 37,414 shares of BTCS Inc (BTCS).
