BTCS Inc. (NASDAQ:BTCS - Get Free Report)'s stock price dropped 1% during mid-day trading on Wednesday . The company traded as low as $2.95 and last traded at $3.06. Approximately 362,568 shares were traded during trading, a decline of 59% from the average daily volume of 884,607 shares. The stock had previously closed at $3.09.
Analyst Ratings Changes
Separately, HC Wainwright raised their price objective on BTCS from $3.00 to $5.00 and gave the stock a "buy" rating in a research note on Tuesday, December 24th.
View Our Latest Report on BTCS
BTCS Price Performance
The firm has a market cap of $45.78 million, a P/E ratio of 6.56 and a beta of 2.20. The company's 50-day moving average is $3.00 and its two-hundred day moving average is $2.10.
Insider Transactions at BTCS
In related news, Director Melanie Pump sold 22,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $3.49, for a total transaction of $76,780.00. Following the completion of the transaction, the director now directly owns 38,735 shares in the company, valued at $135,185.15. This represents a 36.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 44.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in BTCS stock. Virtu Financial LLC bought a new position in BTCS Inc. (NASDAQ:BTCS - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 23,458 shares of the company's stock, valued at approximately $27,000. Virtu Financial LLC owned approximately 0.14% of BTCS as of its most recent SEC filing. Institutional investors and hedge funds own 3.48% of the company's stock.
About BTCS
(
Get Free Report)
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.
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