BTCS (NASDAQ:BTCS) Releases Quarterly Earnings Results, Misses Estimates By $0.29 EPS

BTCS (NASDAQ:BTCS) released its quarterly earnings results on Thursday. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.29), Zacks reports. The business had revenue of $2.20 million for the quarter, compared to the consensus estimate of $2.20 million. BTCS had a net margin of 366.80% and a negative return on equity of 15.42%.

BTCS Stock Performance

BTCS opened at $1.69 on Friday. The firm has a market cap of $28.77 million, a P/E ratio of 4.12 and a beta of 3.05. The business has a 50 day moving average price of $2.55 and a 200 day moving average price of $2.29. BTCS has a twelve month low of $0.95 and a twelve month high of $5.41.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on BTCS from $3.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday, December 24th.

About BTCS

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.