BTCS (OTCMKTS:BTCS) Shares Pass Above Fifty Day Moving Average – What’s Next?

BTCS Inc. (OTCMKTS:BTCS) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.55 and traded as high as $4.20. BTCS shares last traded at $4.03, with a volume of 5,868,362 shares traded.

BTCS Stock Up 23.6 %

The firm has a market cap of $68.61 million, a price-to-earnings ratio of 9.83 and a beta of 1.55. The business has a 50 day moving average price of $1.55 and a 200-day moving average price of $1.47.

BTCS (OTCMKTS:BTCS) last issued its quarterly earnings data on Monday, August 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). BTCS had a negative net margin of 370.07% and a negative return on equity of 43.20%. The company had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.40 million. Research analysts anticipate that BTCS Inc. will post -0.33 earnings per share for the current fiscal year.

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.