With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.82 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $3.64 whereas the lowest price it dropped to was $3.2. The 52-week range on BTCS shows that it touched its highest point at $5.41 and its lowest point at $0.95 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 2.01.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTCS was down-trending over the past week, with a drop of -16.13%, but this was up by 172.58% over a month. Three-month performance surged to 186.44% while six-month performance rose 104.85%. The stock gained 238.78% in the past year, while it has gained 107.36% so far this year.
Float and Shares Shorts:
At present, 15.32 million BTCS shares are outstanding with a float of 9.67 million shares on hand for trading. On 2024-10-31, short shares totaled 65910.0, which was 40.0 higher than short shares on 1727654400. In addition to Mr. Charles W. Allen as the firm’s Chairman & CEO, Mr. Michal Handerhan serves as its Co-Founder, COO, Secretary & Director.
Institutional Ownership:
Through their ownership of 0.042579997 of BTCS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, BTCS reported revenue of $739157.0 and operating income of -$1602880.0. The EBITDA in the recently reported quarter was $5863512.0 and diluted EPS was -$0.56.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With BTCS analysts setting a high price target of 3.0 and a low target of 3.0, the average target price over the next 12 months is 3.0. Based on these targets, BTCS could drop -11.24% to reach the target high and fall by -11.24% to reach the target low. Reaching the average price target will result in a decline of -11.24% from current levels.
Analysts have provided yearly estimates in a range of $0.21 being high and $0.21 being low. For BTCS, this leads to a yearly average estimate of $0.21. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
