Bitcoin Depot (NASDAQ:BTM - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.25), Zacks reports. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%. The company had revenue of $136.83 million during the quarter, compared to analyst estimates of $131.50 million.
Bitcoin Depot Price Performance
BTM stock traded down $0.03 during trading on Friday, reaching $1.45. 90,967 shares of the company were exchanged, compared to its average volume of 427,063. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. The stock's 50 day moving average price is $1.42 and its 200 day moving average price is $1.60. Bitcoin Depot has a 52-week low of $0.93 and a 52-week high of $3.52. The company has a market cap of $87.57 million, a P/E ratio of -1.56 and a beta of 0.10.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. HC Wainwright reaffirmed a "buy" rating and set a $4.00 price objective on shares of Bitcoin Depot in a research report on Tuesday, March 18th. B. Riley restated 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.
Read Our Latest Research Report on BTM
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.
Further Reading
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