BTCS (BTCS) Projected to Post Quarterly Earnings on Thursday

BTCS (NASDAQ:BTCS) is projected to release its earnings data before the market opens on Thursday, March 20th. Analysts expect BTCS to post earnings of ($0.05) per share and revenue of $2.20 million for the quarter.

BTCS Stock Performance

Shares of NASDAQ:BTCS opened at $1.82 on Wednesday. The stock has a market capitalization of $30.99 million, a price-to-earnings ratio of 4.44 and a beta of 3.05. BTCS has a 1-year low of $0.95 and a 1-year high of $5.41. The company has a 50 day moving average price of $2.59 and a 200 day moving average price of $2.29.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on shares of BTCS from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th.

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.