B. Riley Comments on Bitcoin Depot FY2025 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – B. Riley issued their FY2025 earnings per share estimates for Bitcoin Depot in a research note issued to investors on Thursday, November 14th. B. Riley analyst H. Goetsch anticipates that the company will post earnings per share of $0.21 for the year. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.10) per share.

Several other equities research analysts also recently weighed in on the company. HC Wainwright lowered their price target on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, August 15th. Noble Financial upgraded Bitcoin Depot to a “strong-buy” rating in a research note on Thursday, October 17th.

Bitcoin Depot Price Performance

Shares of NASDAQ BTM opened at $2.00 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $120.22 million, a PE ratio of -1.53 and a beta of -0.33. The business has a 50-day simple moving average of $1.63 and a two-hundred day simple moving average of $1.72. Bitcoin Depot has a fifty-two week low of $1.33 and a fifty-two week high of $3.70.

Bitcoin Depot (NASDAQ:BTM) last issued 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 business had revenue of $163.07 million during the quarter, compared to analyst estimates of $148.49 million. Bitcoin Depot had a negative return on equity of 307.37% and a negative net margin of 3.10%.

Insider Transactions at Bitcoin Depot

In related news, COO Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $1.56, for a total transaction of $31,200.00. Following the completion of the transaction, the chief operating officer now directly owns 241,276 shares in the company, valued at approximately $376,390.56. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 50,100 shares of company stock worth $77,051 over the last three months. 70.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Shaolin Capital Management LLC increased its position in shares of Bitcoin Depot by 7.6% in the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after buying an additional 49,600 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after buying an additional 26,000 shares in the last quarter. Finally, Walleye Capital LLC increased its position 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 valued at $37,000 after buying an additional 12,337 shares in the last quarter. 9.18% of the stock is currently owned by hedge funds and other institutional investors.

Bitcoin Depot Company Profile

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.