Geode Capital Management LLC has recently announced that it has increased stake in BTCS Inc (NASDAQ:BTCS) by 18.49%. After grabbing 76237.0 shares, the institutional investor is now in possession of 11897.0 shares of the Financial Company. The new investment brought the stake of investor firm to 0.53% having worth around $75017.0. Moreover, Gesalcalá SA SGIIC increased its share by 176.0 to have a control over 62986.0 shares. And Citadel Securities LLC raised its holdings to 59740.0 shares by acquiring 59740.0 shares or 0.42% of the stake.
BTCS Inc (BTCS) concluded trading on 12/27/23 at a closing price of $2.24, with 3.06 million shares of worth about $6.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 95.63% during that period and on Wednesday the price saw a gain of about 47.37%. Currently the company’s common shares owned by public are about 13.11M shares, out of which, 9.18M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 20 times over the past 12 months. They bought 567,396 shares in 16 of the transactions. In 4 selling transactions, insiders dumped 155,604 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Alcala Multigestion FI – Oricalco are the top 3 mutual funds which are holding stakes in BTCS Inc Vanguard Total Stock Market ETF is currently holding 0.28 million shares of worth totaling $0.28 million. The company recently came buying 0.0 shares which brought its stake up to 1.95% of the company’s outstanding shares. Alcala Multigestion FI – Oricalco, after buying 62986.0 shares, have now control over 0.44% of the stake in the company. It holds 176.0 shares of worth $61978.0.
BTCS Inc (NASDAQ: BTCS) started trading at $1.55, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 2.3899, or with a gain of 47.37%. Stock saw a price change of 40.00% in past 5 days and over the past one month there was a price change of 124.52%. Year-to-date (YTD), BTCS shares are showing a performance of 255.56% which increased to 244.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.57 but also hit the highest price of $2.25 during that period. The average intraday trading volume for BTCS Inc shares is 121.62K. The stock is currently trading 55.74% above its 20-day simple moving average (SMA20), while that difference is up 94.47% for SMA50 and it goes to 90.56% higher than SMA200.
Geode Capital Management LLC acquired 76237.0 shares of BTCS Inc having value of about $75017.0. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 11897.0 shares in the company valued at close to $26649.28, or have control over 18.49% stake in the company. BTCS Inc (NASDAQ: BTCS) currently have 13.11M outstanding shares and institutions hold larger chunk of about 4.22% of that. Holding of mutual funds in the company is about 3.51% while other institutional holders and individual stake holders have control over 40.09% and 0.71% of the stake respectively.
The stock has a current market capitalization of $32.19M and its 3Y-monthly beta is at 1.53. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 18.36 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BTCS, volatility over the week remained 21.09% while standing at 14.77% over the month.
Analysts are in expectations that BTCS Inc (BTCS) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.3 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is -$0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 78.40% while it is estimated to decrease by -11.11% in next year.
Analysts at 1 brokerage firms have issued recommendations for the BTCS Inc (BTCS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
