BTCS (OTCMKTS:BTCS) Share Price Crosses Above 50-Day Moving Average of $1.56

BTCS Inc. (OTCMKTS:BTCS) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.56 and traded as high as $1.58. BTCS shares last traded at $1.53, with a volume of 94,719 shares trading hands.

BTCS Stock Up 1.3 %

The firm has a market capitalization of $24.01 million, a price-to-earnings ratio of 2.73 and a beta of 1.58. The company has a 50-day moving average price of $1.56 and a 200-day moving average price of $1.44.

BTCS (OTCMKTS:BTCS) last announced its quarterly earnings results on Thursday, March 21st. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). BTCS had a negative return on equity of 43.20% and a negative net margin of 370.07%. The company had revenue of $0.33 million during the quarter. As a group, analysts forecast that BTCS Inc. will post -0.33 earnings per share for the current year.

About BTCS

BTCS Inc focuses on blockchain infrastructure and staking in the United States. The company secures blockchain-infrastructure operations and operates validator nodes on disruptive next-generation blockchain networks. It 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.