Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Northland Capmk upped their Q1 2025 EPS estimates for Bitcoin Depot in a report released on Tuesday, March 18th. Northland Capmk analyst M. Grondahl now forecasts that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.05. Northland Capmk also issued estimates for Bitcoin Depot's FY2025 earnings at $0.65 EPS.
A number of other equities analysts have also weighed in on the company. B. Riley reaffirmed a "buy" rating and issued a $4.70 price objective (up previously from $4.50) on shares of Bitcoin Depot in a research note on Wednesday, March 19th. HC Wainwright restated a "buy" rating and issued a $4.00 price target on shares of Bitcoin Depot in a research note on Tuesday, March 18th.
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Bitcoin Depot Price Performance
Bitcoin Depot stock traded up $0.11 during mid-day trading on Friday, hitting $1.59. The stock had a trading volume of 383,779 shares, compared to its average volume of 432,287. 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. The firm has a market capitalization of $96.02 million, a P/E ratio of -1.71 and a beta of 0.10. The firm's 50 day moving average is $1.43 and its 200 day moving average is $1.60.
Institutional Investors Weigh In On Bitcoin Depot
Several large investors have recently made changes to their positions in the company. Blue Owl Capital Holdings LP boosted its stake in Bitcoin Depot by 480.0% during the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock valued at $29,000 after buying an additional 15,000 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of Bitcoin Depot by 110.1% during the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company's stock worth $37,000 after acquiring an additional 12,337 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Bitcoin Depot by 96.4% during the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock valued at $237,000 after acquiring an additional 71,700 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Bitcoin Depot in the fourth quarter valued at $267,000. Finally, 272 Capital LP bought a new stake in Bitcoin Depot in the third quarter worth $401,000. 9.18% of the stock is owned by institutional investors.
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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