Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Analysts at B. Riley raised their FY2024 earnings per share (EPS) estimates for shares of Bitcoin Depot in a research note issued on Thursday, November 14th. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $0.11 for the year, up from their previous forecast of ($0.01). The consensus estimate for Bitcoin Depot's current full-year earnings is ($0.06) per share. B. Riley also issued estimates for Bitcoin Depot's Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.05 EPS and Q4 2025 earnings at $0.07 EPS.
A number of other research firms have also recently commented on BTM. HC Wainwright lowered their target price on shares of Bitcoin Depot from $4.00 to $3.50 and set a "buy" rating for the company in a research note on Thursday, August 15th. Noble Financial raised Bitcoin Depot to a "strong-buy" rating in a report on Thursday, October 17th.
View Our Latest Report on BTM
Bitcoin Depot Stock Down 3.5 %
Shares of NASDAQ BTM traded down $0.07 during mid-day trading on Monday, reaching $1.93. 1,470,527 shares of the company were exchanged, compared to its average volume of 423,604. The firm has a 50-day moving average of $1.64 and a 200 day moving average of $1.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 1 year low of $1.33 and a 1 year high of $3.70. The stock has a market cap of $116.02 million, a price-to-earnings ratio of -2.08 and a beta of -0.33.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The company had revenue of $163.07 million for the quarter, compared to the consensus estimate of $148.49 million. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 213.00%.
Insiders Place Their Bets
In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $1.56, for a total value of $31,200.00. Following the completion of the transaction, the chief operating officer now owns 241,276 shares of the company's stock, valued at $376,390.56. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 50,100 shares of company stock worth $77,051 over the last ninety days. Corporate insiders own 70.23% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in BTM. Walleye Capital LLC increased its stake in Bitcoin Depot by 110.1% in the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company's stock valued at $37,000 after purchasing an additional 12,337 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Bitcoin Depot by 122.1% in 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. Finally, Shaolin Capital Management LLC lifted its holdings in Bitcoin Depot by 7.6% in the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company's stock worth $1,326,000 after buying an additional 49,600 shares in the last quarter. Hedge funds and other institutional investors own 9.18% of the company's stock.
About Bitcoin Depot
(
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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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