BTCS Inc. (OTCMKTS:BTCS – Get Rating) – Equities researchers at HC Wainwright lowered their FY2023 earnings per share (EPS) estimates for shares of BTCS in a report issued on Tuesday, April 4th. HC Wainwright analyst K. Dede now expects that the company will post earnings per share of ($0.23) for the year, down from their previous forecast of ($0.14). 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 ($0.14) per share.
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BTCS opened at $1.28 on Thursday. BTCS has a fifty-two week low of $0.57 and a fifty-two week high of $4.18. The stock has a fifty day moving average of $0.89 and a 200-day moving average of $0.69.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. grew its position in BTCS by 39,627.8% in the first quarter. Advisor Group Holdings Inc. now owns 7,151 shares of the company's stock valued at $30,000 after acquiring an additional 7,133 shares during the last quarter. Jane Street Group LLC grew its position in BTCS by 103.5% in the third quarter. Jane Street Group LLC now owns 20,973 shares of the company's stock valued at $31,000 after acquiring an additional 10,669 shares during the last quarter. Vident Investment Advisory LLC bought a new position in BTCS in the first quarter valued at about $47,000. State Street Corp bought a new stake in shares of BTCS during the first quarter worth about $59,000. Finally, Vanguard Group Inc. grew its holdings in shares of BTCS by 9.2% during the third quarter. Vanguard Group Inc. now owns 367,884 shares of the company's stock worth $552,000 after purchasing an additional 30,900 shares during the last quarter. Institutional investors own 4.81% of the company's stock.
About BTCS
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BTCS, Inc engages in the digital currency ecosystem and blockchain technologies. It manages an online marketplace where consumers can purchase merchandise using digital currencies such as bitcoin. The company was founded by Timothy Sidie and Michal Handerhan in 2008 and is headquartered in Silver Spring, MD.
Further Reading
- Get a free copy of the StockNews.com research report on BTCS (BTCS)
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