BTCS Inc. (OTCMKTS:BTCS – Get Rating) – Equities research analysts at HC Wainwright cut their FY2022 earnings per share estimates for shares of BTCS in a report released on Monday, November 14th. HC Wainwright analyst K. Dede now anticipates that the company will earn ($0.61) per share for the year, down from their prior forecast of ($0.55). The consensus estimate for BTCS's current full-year earnings is ($0.55) per share. HC Wainwright also issued estimates for BTCS's Q4 2022 earnings at ($0.04) EPS and FY2023 earnings at ($0.14) EPS.
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OTCMKTS:BTCS opened at $1.08 on Thursday. BTCS has a 1 year low of $1.07 and a 1 year high of $8.88. The business has a fifty day moving average of $1.34 and a 200-day moving average of $1.73.
Institutional Investors Weigh In On BTCS
Several hedge funds have recently modified their holdings of BTCS. Vanguard Group Inc. lifted its stake in BTCS by 98.7% in the 1st quarter. Vanguard Group Inc. now owns 349,902 shares of the company's stock worth $1,463,000 after acquiring an additional 173,802 shares in the last quarter. Jane Street Group LLC purchased a new stake in BTCS in the 1st quarter worth about $242,000. State Street Corp purchased a new stake in BTCS in the 1st quarter worth about $59,000. Vident Investment Advisory LLC purchased a new stake in BTCS in the 1st quarter worth about $47,000. Finally, Advisor Group Holdings Inc. lifted its stake in BTCS by 39,627.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,151 shares of the company's stock worth $30,000 after acquiring an additional 7,133 shares in the last quarter. 4.91% of the stock is owned by hedge funds and other institutional investors.About BTCS
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BTCS Inc focuses on digital assets and blockchain technologies. The company secures disruptive next-generation blockchains and operates validator nodes on various proof of stake-based blockchain networks. It also develops a proprietary Digital Asset Platform that allows users to evaluate their crypto portfolio holdings across multiple exchanges and chains on a single platform.
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