Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - B. Riley issued their FY2024 EPS estimates for Bitcoin Depot in a report issued on Wednesday, January 22nd. B. Riley analyst H. Goetsch expects that the company will post earnings of $0.13 per share for the year. The consensus estimate for Bitcoin Depot's current full-year earnings is ($0.11) per share.
Separately, Noble Financial raised shares of Bitcoin Depot to a "strong-buy" rating in a research report on Thursday, October 17th.
Get Our Latest Research Report on Bitcoin Depot
Bitcoin Depot Stock Up 4.1 %
Shares of NASDAQ:BTM traded up $0.07 during trading on Friday, hitting $1.79. The stock had a trading volume of 582,827 shares, compared to its average volume of 419,575. Bitcoin Depot has a 12 month low of $1.33 and a 12 month high of $3.52. The company has a market capitalization of $108.10 million and a PE ratio of -1.92. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. The firm's fifty day moving average is $1.77 and its 200 day moving average is $1.68.
Institutional Investors Weigh In On Bitcoin Depot
A number of hedge funds and other institutional investors have recently bought and sold shares of BTM. Renaissance Technologies LLC lifted its position in Bitcoin Depot by 122.1% during the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company's stock worth $85,000 after acquiring an additional 26,000 shares during the period. Walleye Capital LLC raised its stake in shares of Bitcoin Depot by 110.1% in the third 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. Finally, 272 Capital LP acquired a new stake in shares of Bitcoin Depot during the third quarter worth about $401,000. Hedge funds and other institutional investors own 9.18% of the company's stock.
Bitcoin Depot Company Profile
(
Get Free Report)
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.
See Also
Before you consider Bitcoin Depot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bitcoin Depot wasn't on the list.
While Bitcoin Depot currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
