The Vanguard Group, Inc. recently announced the acquisition of new stake in BTCS Inc. (NASDAQ:BTCS). The institutional investor has increased its shareholding in the Financial company by 9.17% to 0.37 million shares with purchase of 30900.0 shares. This fresh investment now brings its stake to 2.81% valued currently at $0.38 million. In addition, Gesalcalá SA SGIIC raised its holdings by 58985.0 to 62975.0 shares. And Jane Street Capital LLC has lifted its position by 103.54% or 10669.0 shares – to 20973.0 shares.
With over 0.85 million BTCS Inc. (BTCS) shares trading Tuesday and a closing price of $1.49 on the day, the dollar volume was approximately $1.26 million. The shares have shown a positive half year performance of 2.05% and its price on 01/10/23 gained nearly 47.54%. Currently, there are 12.95M common shares owned by the public and among those 7.97M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for BTCS have a consensus price objective of $3.00. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $3.00. The average price target is 50.33% above its recent price level and an upside to the estimated low will see the stock gain 50.33% over that period. But an upside of 50.33% will see the stock hit the forecast high price target while median target price for the stock is $3.00.
Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 242,313 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in BTCS Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Alcala Multigestion, FI. Vanguard Total Stock Market Index owns 0.28 million shares of the company’s stock, all valued at over $0.29 million. Alcala Multigestion, FI bought 58985.0 shares to bring its total holdings to over 62975.0 shares at a value of $64864.0. Alcala Multigestion, FI now owns shares totaling to 0.48% of the shares outstanding.
Shares of BTCS Inc. (NASDAQ: BTCS) opened at $1.10, up $0.09 from a prior closing price of $1.01. However, the script later moved the day high at 1.5491, up 47.54%. The company’s stock has a 5-day price change of 127.20% and 10.37% over the past three months. BTCS shares are trading 136.51% year to date (YTD), with the 12-month market performance down to -66.04% lower. It has a 12-month low price of $0.57 and touched a high of $8.75 over the same period. BTCS has an average intraday trading volume of 44.17K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 87.73%, 51.32%, and -20.23% respectively.
Institutional ownership of BTCS Inc. (NASDAQ: BTCS) shares accounts for 4.80% of the company’s 12.95M shares outstanding. Mutual fund holders own 3.85%, while other institutional holders and individual stakeholders account for 43.69% and 1.44% respectively.
It has a market capitalization of $21.44M and a beta (3y monthly) value of 1.41. The earnings-per-share (ttm) stands at -$1.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 25.35% over the week and 14.09% over the month.
Analysts forecast that BTCS Inc. (BTCS) will achieve an EPS of -$0.03 for the current quarter, -$0.02 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of -$0.03. Earnings per share for the fiscal year are expected to decrease by -260.30%, and 88.10% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate BTCS Inc. (BTCS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
