In the past week, BTCS stock has gone up by 104.38%, with a monthly gain of 220.20% and a quarterly surge of 228.41%. The volatility ratio for the week is 58.95%, and the volatility levels for the last 30 days are 19.26% for BTCS Inc The simple moving average for the last 20 days is 92.04% for BTCS stock, with a simple moving average of 158.02% for the last 200 days.
Is It Worth Investing in BTCS Inc (NASDAQ: BTCS) Right Now?
BTCS Inc (NASDAQ: BTCS) has a price-to-earnings ratio of 10.80x that is above its average ratio. Additionally, the 36-month beta value for BTCS is 1.91. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BTCS is 9.67M and currently, short sellers hold a 0.68% ratio of that float. The average trading volume of BTCS on November 18, 2024 was 2.52M shares.
BTCS) stock’s latest price update
The stock of BTCS Inc (NASDAQ: BTCS) has decreased by -11.67 when compared to last closing price of 4.35. Despite this, the company has experienced a 104.38% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-14 that 134% quarterly year-over-year revenue growth Silver Spring, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, announced its results for the third quarter ended September 30, 2024 (“Q3 2024”). Third Quarter 2024 Financial Highlights Quarterly Revenue: Revenue for Q3 2024 was $0.7 million, reflecting a strong 32% increase from Q2 2024 and a significant 134% rise from Q3 2023.
BTCS Trading at 156.24% from the 50-Day Moving Average
After a stumble in the market that brought BTCS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.98% of loss for the given period.
Volatility was left at 19.26%, however, over the last 30 days, the volatility rate increased by 58.95%, as shares surge +219.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +272.12% upper at present.
During the last 5 trading sessions, BTCS rose by +105.85%, which changed the moving average for the period of 200-days by +134.55% in comparison to the 20-day moving average, which settled at $2.00. In addition, BTCS Inc saw 135.73% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BTCS starting from Pump Melanie, who sale 14,998 shares at the price of $1.56 back on Jun 05 ’24. After this action, Pump Melanie now owns 37,414 shares of BTCS Inc, valued at $23,397 using the latest closing price.
Pump Melanie, the Director of BTCS Inc, sale 6,641 shares at $1.55 during a trade that took place back on Jun 06 ’24, which means that Pump Melanie is holding 30,773 shares at $10,294 based on the most recent closing price.
Stock Fundamentals for BTCS
Current profitability levels for the company are sitting at:
- -2.09 for the present operating margin
- 0.56 for the gross margin
The net margin for BTCS Inc stands at 3.67. The total capital return value is set at -0.17. Equity return is now at value 43.89, with 41.63 for asset returns.
Currently, EBITDA for the company is -3.71 million with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 32.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 19.76.
Conclusion
In conclusion, BTCS Inc (BTCS) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
