Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Equities research analysts at B. Riley lifted their Q4 2024 earnings per share (EPS) estimates for shares of Bitcoin Depot in a research note issued to investors on Wednesday, January 22nd. B. Riley analyst H. Goetsch now expects that the company will earn $0.06 per share for the quarter, up from their previous forecast of $0.04. The consensus estimate for Bitcoin Depot's current full-year earnings is ($0.11) per share.
Separately, Noble Financial raised Bitcoin Depot to a "strong-buy" rating in a research report on Thursday, October 17th.
View Our Latest Research Report on BTM
Bitcoin Depot Trading Up 0.9 %
Shares of Bitcoin Depot stock traded up $0.02 during trading on Thursday, hitting $1.73. The stock had a trading volume of 516,805 shares, compared to its average volume of 400,152. Bitcoin Depot has a 12 month low of $1.33 and a 12 month high of $3.52. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91. The firm's fifty day simple moving average is $1.79 and its 200-day simple moving average is $1.68. The stock has a market cap of $104.23 million and a PE ratio of -1.85.
Institutional Investors Weigh In On Bitcoin Depot
Several hedge funds have recently modified their holdings of BTM. Walleye Capital LLC raised its position in shares of Bitcoin Depot by 110.1% during the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company's stock worth $37,000 after purchasing an additional 12,337 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company's stock valued at $85,000 after acquiring an additional 26,000 shares in the last quarter. Finally, 272 Capital LP acquired a new position in Bitcoin Depot in the 3rd quarter valued at $401,000. 9.18% of the stock is owned by hedge funds and other institutional investors.
Bitcoin Depot Company Profile
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Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.
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