Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Stock analysts at Northland Capmk upped their FY2024 earnings per share (EPS) estimates for Bitcoin Depot in a report released on Wednesday, January 22nd. Northland Capmk analyst M. Grondahl now expects that the company will post earnings of $0.02 per share for the year, up from their prior forecast of ($0.16). The consensus estimate for Bitcoin Depot's current full-year earnings is ($0.11) per share. Northland Capmk also issued estimates for Bitcoin Depot's Q4 2024 earnings at $0.11 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.13 EPS and FY2025 earnings at $0.43 EPS.
Separately, Noble Financial raised Bitcoin Depot to a "strong-buy" rating in a report on Thursday, October 17th.
Check Out Our Latest Analysis on Bitcoin Depot
Bitcoin Depot Stock Up 4.1 %
Bitcoin Depot stock traded up $0.07 during midday trading on Friday, hitting $1.79. The stock had a trading volume of 582,827 shares, compared to its average volume of 419,575. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The business has a fifty day moving average price of $1.77 and a 200 day moving average price of $1.68. Bitcoin Depot has a 12 month low of $1.33 and a 12 month high of $3.52. The stock has a market cap of $108.10 million and a P/E ratio of -1.92.
Institutional Investors Weigh In On Bitcoin Depot
Hedge funds have recently made changes to their positions in the company. Walleye Capital LLC grew its position in shares of 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 during the period. Renaissance Technologies LLC grew its holdings in shares of 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 purchasing an additional 26,000 shares in the last quarter. Finally, 272 Capital LP acquired a new position in shares of Bitcoin Depot during the 3rd quarter worth $401,000. Institutional investors and hedge funds 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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