BTCS (NASDAQ:BTCS) Stock Price Expected to Rise, HC Wainwright Analyst Says

BTCS (NASDAQ:BTCS) had its price objective upped by stock analysts at HC Wainwright from $5.00 to $7.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 58.73% from the stock’s current price. HC Wainwright also issued estimates for BTCS’s FY2026 earnings at ($0.05) EPS.

Separately, Wall Street Zen raised BTCS from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th.

BTCS Stock Performance

BTCS opened at $4.41 on Friday. The business’s 50-day moving average price is $3.86 and its two-hundred day moving average price is $2.74. BTCS has a 1 year low of $0.95 and a 1 year high of $8.49. The company has a market capitalization of $211.90 million, a price-to-earnings ratio of -3.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 8.19 and a quick ratio of 43.44.

BTCS (NASDAQ:BTCS) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). BTCS had a negative net margin of 268.37% and a negative return on equity of 51.90%. The firm had revenue of $2.77 million during the quarter, compared to analyst estimates of $1.70 million. Equities analysts expect that BTCS will post -0.08 EPS for the current fiscal year.

Insider Activity

In related news, COO Michal Handerhan sold 112,779 shares of BTCS stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $6.00, for a total value of $676,674.00. Following the sale, the chief operating officer owned 1,641,581 shares of the company’s stock, valued at approximately $9,849,486. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.80% of the company’s stock.

Institutional Trading of BTCS

A number of hedge funds and other institutional investors have recently modified their holdings of BTCS. Invesco Ltd. acquired a new stake in shares of BTCS in the second quarter valued at about $293,000. Renaissance Technologies LLC increased its position in shares of BTCS by 242.3% in the fourth quarter. Renaissance Technologies LLC now owns 127,391 shares of the company’s stock valued at $315,000 after acquiring an additional 90,171 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of BTCS in the second quarter valued at about $54,000. Geode Capital Management LLC increased its position in shares of BTCS by 10.6% in the fourth quarter. Geode Capital Management LLC now owns 98,019 shares of the company’s stock valued at $242,000 after acquiring an additional 9,404 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of BTCS by 39.7% in the first quarter. SBI Securities Co. Ltd. now owns 24,846 shares of the company’s stock valued at $37,000 after acquiring an additional 7,064 shares during the last quarter. Institutional investors and hedge funds own 3.48% of the company’s stock.

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.