Bitcoin Depot (BTM) Expected to Announce Quarterly Earnings on Monday

Bitcoin Depot (NASDAQ:BTM - Get Free Report) is expected to release its earnings data before the market opens on Monday, April 21st. Analysts expect Bitcoin Depot to post earnings of $0.03 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its earnings results on Monday, March 24th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.25). Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%. The company had revenue of $136.83 million for the quarter, compared to analysts' expectations of $131.50 million.

Bitcoin Depot Price Performance

Shares of NASDAQ BTM traded up $0.04 during midday trading on Friday, hitting $1.41. The company had a trading volume of 98,392 shares, compared to its average volume of 425,046. The firm has a market capitalization of $90.15 million, a price-to-earnings ratio of -1.52 and a beta of -0.26. Bitcoin Depot has a twelve month low of $0.93 and a twelve month high of $3.52. The business has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $1.57. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33.

Insider Activity

In related news, COO Christopher Scott Buchanan sold 20,476 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total transaction of $27,233.08. Following the sale, the chief operating officer now owns 169,276 shares of the company's stock, valued at $225,137.08. This trade represents a 10.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 55,000 shares of company stock worth $77,348 over the last ninety days. 70.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BTM has been the topic of several research analyst reports. B. Riley reissued a "buy" rating and set a $4.70 price target (up previously from $4.50) on shares of Bitcoin Depot in a research note on Wednesday, March 19th. HC Wainwright reiterated a "buy" rating and set a $4.00 target price on shares of Bitcoin Depot in a research report on Tuesday, March 18th.

Bitcoin Depot Company Profile

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.