Could BTCS Inc (BTCS) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, BTCS Inc (NASDAQ:BTCS) shares traded at $3.57, up 33.21% from the previous session.

BTCS stock price is now 17.80% away from the 50-day moving average and 99.13% away from the 200-day moving average. The market capitalization of the company currently stands at $67.83M.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

In other news, Pump Melanie, Director sold 22,000 shares of the company’s stock on Nov 25 ’24. The stock was sold for $76,780 at an average price of $3.49. Upon completion of the transaction, the Director now directly owns 38,735 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Director Melanie Pump bought 22,000 shares of the business’s stock. A total of $71,720 was incurred on buying the stock at an average price of $3.26. A total of 43.19% of the company’s stock is owned by insiders.

During the past 12 months, BTCS Inc has had a low of $0.95 and a high of $5.41. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 19.76, and a quick ratio of 19.76. The fifty day moving average price for BTCS is $3.0305 and a two-hundred day moving average price translates $1.792825 for the stock.

The latest earnings results from BTCS Inc (NASDAQ: BTCS) was released for 2024-06-30. The net profit margin was 366.73% and return on equity was 43.89% for BTCS. The company reported revenue of $0.74 million for the quarter, compared to $0.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 133.86 percent.

Related Posts