BTCS (NASDAQ:BTCS) Posts Earnings Results, Misses Expectations By $0.29 EPS

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

BTCS Price Performance

Shares of BTCS opened at $1.69 on Friday. The business’s 50-day moving average is $2.55 and its 200-day moving average is $2.29. The company has a market capitalization of $28.77 million, a price-to-earnings ratio of 4.12 and a beta of 3.05. BTCS has a fifty-two week low of $0.95 and a fifty-two week high of $5.41.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased 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.

BTCS Company Profile

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.