BTCS (BTCS) Expected to Announce Quarterly Earnings on Monday

Key Points

• BTCS is expected to announce quarterly earnings on **August 18th**, with analysts predicting an earnings per share of **($0.07)** and revenue of **$1.70 million** for the quarter.
• Following the last earnings report, the company reported a **negative net margin of 579.87%** and a **negative return on equity of 41.76%**.
• Insider activity saw COO Michal Handerhan selling **112,779 shares** at an average price of **$6.00**, reducing their position by **6.43%**.

BTCS (NASDAQ:BTCS - Get Free Report) is expected to announce its earnings results before the market opens on Monday, August 18th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $1.70 million for the quarter.

BTCS (NASDAQ:BTCS - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.14) EPS for the quarter. BTCS had a negative net margin of 579.87% and a negative return on equity of 41.76%. On average, analysts expect BTCS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BTCS Stock Up 11.1%

Shares of BTCS stock opened at $5.00 on Monday. The stock's fifty day moving average is $3.68 and its two-hundred day moving average is $2.69. The company has a market capitalization of $239.25 million, a PE ratio of -2.92 and a beta of 1.17. BTCS has a 52 week low of $0.95 and a 52 week high of $8.49.

Insider Activity

In other news, COO Michal Handerhan sold 112,779 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $6.00, for a total transaction of $676,674.00. Following the transaction, the chief operating officer owned 1,641,581 shares of the company's stock, valued at approximately $9,849,486. This represents a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.80% of the company's stock.

Hedge Funds Weigh In On BTCS

An institutional investor recently raised its position in BTCS stock. Geode Capital Management LLC lifted its position in shares of BTCS Inc. (NASDAQ:BTCS - Free Report) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,717 shares of the company's stock after buying an additional 3,172 shares during the quarter. Geode Capital Management LLC owned approximately 0.50% of BTCS worth $259,000 at the end of the most recent quarter. 3.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised BTCS from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th.

BTCS Company Profile

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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