BTCS (NASDAQ:BTCS) Shares Down 4.1%

Shares of BTCS Inc. (NASDAQ:BTCS) were down 4.1% on Thursday . The stock traded as low as $1.40 and last traded at $1.40. Approximately 46,388 shares traded hands during trading, a decline of 79% from the average daily volume of 219,370 shares. The stock had previously closed at $1.46.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of BTCS in a research note on Monday, March 25th.

BTCS Trading Up 9.3 %

The company has a 50-day moving average of $1.52 and a 200-day moving average of $1.46. The firm has a market capitalization of $24.02 million, a price-to-earnings ratio of 2.73 and a beta of 1.64.

BTCS (NASDAQ:BTCS) last issued its earnings results on Friday, March 22nd. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). BTCS had a net margin of 583.51% and a negative return on equity of 38.81%. The company had revenue of $0.33 million for the quarter. On average, research analysts forecast that BTCS Inc. will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

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

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.