Should Investors Trust The Upside Potential In BTCS Inc (BTCS)?

BTCS Inc (NASDAQ:BTCS) currently has a daily average trading volume of 3.46M but it saw 1684843 shares traded in last market. With a market cap of 64.22M USD, the company’s current market price of $3.38 came rising about 8.33 while comparing to the previous closing price of $3.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.41 and as low as $0.95. In the recent trading on the day, stock has struck highest price mark of $3.0 while lowest mark touched by it was $3.65.

Taking a look at 20-day trading activity of BTCS Inc (BTCS) gives us an average price of $2.75, while its current price level is -37.52% below from 52-week high level whereas it is 255.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.14 while that of 200 days or SMA-200 reads an average of $1.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 21.55% during that period while stretching the period over a month that decreases to 12.39%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.24 which implies that the stock is in neutral territory.

Over the week, BTCS’s stock price is moving 21.58% up while it is 30.00% when we observe its performance for the past one month. Year-to-date it is 36.84% up and over the past year, the stock is showing an upside performance of 125.33%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.05 while estimate for next year EPS is 0. Moreover, analysts are in estimates of $2.2M for current-quarter revenue.

Currently, BTCS Inc’s total number of outstanding shares is 16.56M with 43.62% of that held by the insiders while 4.26% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 29.29% and return on equity (ROE) at 43.89%. It has a price to earnings ratio (P/E ratio) of 9.50. Stock’s beta reads 2.23. Stock has a price to book (P/B) ratio of 2.47 while price to sale or P/S ratio amounts to 31.95. Its return on asset (ROA) is 41.63% on average.