HC Wainwright Forecasts Strong Price Appreciation for BTCS (NASDAQ:BTCS) Stock

BTCS (NASDAQ:BTCS) had its target price increased by stock analysts at HC Wainwright from $3.00 to $5.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 74.83% from the stock’s previous close. HC Wainwright also issued estimates for BTCS’s FY2025 earnings at ($0.16) EPS.

BTCS Price Performance

Shares of NASDAQ:BTCS opened at $2.86 on Tuesday. BTCS has a 12 month low of $0.95 and a 12 month high of $5.41. The firm has a market capitalization of $48.69 million, a P/E ratio of 6.98 and a beta of 2.08. The company’s fifty day moving average price is $2.66 and its 200 day moving average price is $1.79.

Insiders Place Their Bets

In other news, Director Melanie Pump sold 22,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $3.49, for a total value of $76,780.00. Following the completion of the sale, the director now directly owns 38,735 shares of the company’s stock, valued at approximately $135,185.15. This represents a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BTCS

A hedge fund recently bought a new stake in BTCS stock. Virtu Financial LLC bought a new stake in BTCS Inc. (NASDAQ:BTCS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned 0.14% of BTCS at the end of the most recent quarter. Hedge funds and other institutional investors own 3.48% of the company’s stock.

About BTCS

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.