Bitcoin Depot (BTM) Stock Price, News & Analysis

Company Overview

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. The company is headquartered in Atlanta, Georgia. Bitcoin Depot Inc. is a subsidiary of BT Assets, Inc.

Key Stats

• Today's Range: $1.45 to $1.51
• 50-Day Range: $1.47 to $1.78
• 52-Week Range: $1.33 to $3.70
• Volume: 79,105 shs
• Average Volume: 207,595 shs
• Market Capitalization: $89.42 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.67
• Consensus Rating: Moderate Buy

Bitcoin Depot Stock Analysis - MarketRank™

Bitcoin Depot scored higher than 73% of companies evaluated by MarketBeat, and ranked 405th out of 948 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Bitcoin Depot has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Bitcoin Depot has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Bitcoin Depot are expected to grow in the coming year, from ($0.09) to $0.06 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bitcoin Depot is -0.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bitcoin Depot is -0.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Bitcoin Depot has a P/B Ratio of 9.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.58% of the float of Bitcoin Depot has been sold short.

Short Interest Ratio / Days to Cover

Bitcoin Depot has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bitcoin Depot has recently decreased by 21.30%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bitcoin Depot does not currently pay a dividend.

Dividend Growth

Bitcoin Depot does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.58% of the float of Bitcoin Depot has been sold short.

Short Interest Ratio / Days to Cover

Bitcoin Depot has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bitcoin Depot has recently decreased by 21.30%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.52

News Sentiment

Bitcoin Depot has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Bitcoin Depot this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for BTM on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Bitcoin Depot to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Bitcoin Depot insiders have bought 135.16% more of their company's stock than they have sold. Specifically, they have bought $257,817.00 in company stock and sold $109,637.00 in company stock.

Percentage Held by Insiders

20.09% of the stock of Bitcoin Depot is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 9.18% of the stock of Bitcoin Depot is held by institutions.

BTM Stock Analysis - Frequently Asked Questions

How have BTM shares performed this year?

Bitcoin Depot's stock was trading at $3.23 at the beginning of 2024. Since then, BTM stock has decreased by 53.6% and is now trading at $1.50.
View the best growth stocks for 2024 here.

How were Bitcoin Depot's earnings last quarter?

Bitcoin Depot Inc. (NASDAQ:BTM) announced its quarterly earnings results on Thursday, August, 15th. The company reported ($0.13) EPS 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 analysts' expectations of $148.49 million. Bitcoin Depot had a negative net margin of 3.10% and a negative trailing twelve-month return on equity of 307.37%.

How do I buy shares of Bitcoin Depot?

Shares of BTM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/15/2024
• Today: 10/06/2024
• Next Earnings (Estimated): 11/11/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:BTM
• CUSIP: N/A
• CIK: 1901799
• Web: www.bitcoindepot.com
• Phone: 678-435-9604
• Fax: N/A
• Employees: 107
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.67
• High Stock Price Target: $4.00
• Low Stock Price Target: $3.50
• Potential Upside/Downside: +144.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.87)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-26,100,000.00
• Net Margins: -3.10%
• Pretax Margin: 0.16%
• Return on Equity: -307.37%
• Return on Assets: -22.72%

Debt

• Debt-to-Equity Ratio: 9.33
• Current Ratio: 1.16
• Quick Ratio: 1.16

Sales & Book Value

• Annual Sales: $629.50 million
• Price / Sales: 0.14
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.16 per share
• Price / Book: 9.38

Miscellaneous

• Outstanding Shares: 59,615,000
• Free Float: 47,638,000
• Market Cap: $89.42 million
• Optionable: Not Optionable
• Beta: -0.35