BTCS (NASDAQ:BTCS) Shares Down 4.1%

BTCS Inc. (NASDAQ:BTCS)’s share price fell 4.1% during mid-day trading on Thursday . The stock traded as low as $1.40 and last traded at $1.40. 46,388 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 219,370 shares. The stock had previously closed at $1.46.

Analysts Set New Price Targets

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

BTCS Stock Performance

The stock has a market cap of $24.02 million, a P/E ratio of 2.73 and a beta of 1.64. The firm’s 50 day moving average is $1.52 and its 200 day moving average is $1.46.

BTCS (NASDAQ:BTCS) last issued its quarterly earnings data on Friday, March 22nd. The company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). BTCS had a negative return on equity of 38.81% and a net margin of 583.51%. The firm had revenue of $0.33 million during the quarter. As a group, analysts expect that BTCS Inc. will post -0.23 EPS for the current fiscal year.

Insider Transactions at BTCS

In other news, CEO Charles W. Allen sold 50,000 shares of BTCS stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $1.56, for a total transaction of $78,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,264,220 shares in the company, valued at $6,652,183.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Charles W. Allen sold 50,000 shares of the company’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 owns 4,264,220 shares in the company, valued at $6,652,183.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Michal Handerhan sold 45,538 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $1.56, for a total transaction of $71,039.28. Following the completion of the transaction, the chief operating officer now owns 1,718,340 shares in the company, valued at approximately $2,680,610.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,703 shares of company stock worth $191,568. Insiders own 40.20% of the company’s stock.

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.