BTCS (NASDAQ:BTCS – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $1.09, FiscalAI reports. The business had revenue of $4.09 million during the quarter, compared to the consensus estimate of $5.50 million. BTCS had a negative net margin of 746.29% and a negative return on equity of 14.40%.
BTCS Stock Performance
Shares of BTCS stock traded down $0.01 during trading hours on Friday, reaching $0.89. 179,527 shares of the company’s stock were exchanged, compared to its average volume of 1,092,540. BTCS has a fifty-two week low of $0.83 and a fifty-two week high of $3.63. The stock has a market capitalization of $46.44 million, a P/E ratio of -0.27 and a beta of 3.32. The business has a fifty day moving average price of $1.26 and a 200-day moving average price of $1.44. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.20.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of BTCS from a “hold (c)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BTCS currently has an average rating of “Hold” and an average price target of $5.00.
Get Our Latest Stock Report on BTCS
BTCS Company Profile
BTCS Inc. (NASDAQ: BTCS) is a blockchain technology company focused primarily on the Ethereum ecosystem. The company seeks to build and operate blockchain infrastructure that supports network security, transaction validation and participation in decentralized networks. BTCS’s activities include operating Ethereum validator nodes and pursuing blockchain-related infrastructure and staking opportunities. Through these operations, the company participates in the proof-of-stake process that helps secure and maintain supported blockchain networks.
Featured Stories
- Five stocks we like better than BTCS
- Firefly Aerospace Lights Up a High-Risk Space Opportunity
- Is Buying the NVIDIA Dip a Mistake? 3 Value Stocks Offer a Different Path Forward
- Costco’s Record $30 Dividend Shows Just How Strong Its Cash Machine Is
- Heavy Lifting: Can USA Rare Earth Turn Its First Sales Into Big Profits?
Receive News & Ratings for BTCS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BTCS and related companies with MarketBeat.com's FREE daily email newsletter.
