Bitcoin Depot (NASDAQ:BTM - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They currently have a $4.00 target price on the stock. HC Wainwright's price target would indicate a potential upside of 194.12% from the company's current price. HC Wainwright also issued estimates for Bitcoin Depot's Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.05 EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.03 EPS.
Bitcoin Depot Price Performance
BTM traded down $0.02 on Tuesday, hitting $1.36. 432,450 shares of the company's stock traded hands, compared to its average volume of 433,179. The company's 50 day simple moving average is $1.43 and its 200-day simple moving average is $1.60. The firm has a market cap of $82.13 million, a price-to-earnings ratio of -1.46 and a beta of 0.10. Bitcoin Depot has a one year low of $0.93 and a one year high of $3.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33.
Institutional Trading of Bitcoin Depot
A number of large investors have recently added to or reduced their stakes in the company. Welch Capital Partners LLC NY increased its stake in Bitcoin Depot by 480.1% in the 4th quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company's stock worth $846,000 after acquiring an additional 432,073 shares during the last quarter. Radcliffe Capital Management L.P. increased its stake in Bitcoin Depot by 134.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock worth $463,000 after acquiring an additional 163,854 shares during the last quarter. Two Sigma Investments LP bought a new stake in Bitcoin Depot in the 4th quarter worth approximately $427,000. 272 Capital LP bought a new stake in Bitcoin Depot in the 3rd quarter worth approximately $401,000. Finally, Two Sigma Advisers LP bought a new stake in Bitcoin Depot in the 4th quarter worth approximately $267,000. Institutional investors own 9.18% of the company's stock.
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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