Bitcoin Depot Inc. (NASDAQ:BTM – Free Report) – Analysts at Noble Financial upped their FY2024 earnings estimates for shares of Bitcoin Depot in a research note issued on Thursday, November 14th. Noble Financial analyst P. Mccann now forecasts that the company will post earnings of $0.03 per share for the year, up from their previous forecast of $0.02. Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.06) per share.
Separately, HC Wainwright decreased their price objective on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, August 15th.
Bitcoin Depot Price Performance
Shares of BTM opened at $2.04 on Monday. The company has a 50 day moving average of $1.64 and a two-hundred day moving average of $1.71. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a twelve month low of $1.33 and a twelve month high of $3.70. The company has a market cap of $122.62 million, a price-to-earnings ratio of -2.19 and a beta of -0.33.
Institutional Trading of Bitcoin Depot
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC increased its holdings in Bitcoin Depot by 110.1% in the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after buying an additional 12,337 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Bitcoin Depot by 122.1% in the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after acquiring an additional 26,000 shares during the last quarter. Finally, Shaolin Capital Management LLC increased its stake 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 worth $1,326,000 after acquiring an additional 49,600 shares during the period. Institutional investors and hedge funds own 9.18% of the company’s stock.
Insider Activity at Bitcoin Depot
In other news, COO Christopher Scott Buchanan sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $1.56, for a total transaction of $31,200.00. Following the sale, the chief operating officer now directly owns 241,276 shares of the company’s stock, valued at $376,390.56. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 50,100 shares of company stock valued at $77,051 in the last three months. 70.23% of the stock is owned by insiders.
About Bitcoin Depot
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.
See Also
- Five stocks we like better than Bitcoin Depot
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Super Micro Computer Soars 28%: Is It Really Out of the Woods?
- What is a Low P/E Ratio and What Does it Tell Investors?
- Traders Are Flocking Back to Oil: What’s Fueling the Optimism
- What is the Hang Seng index?
- 3 Hot Stock Trends to Ride Into 2025
Receive News & Ratings for Bitcoin Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitcoin Depot and related companies with MarketBeat.com's FREE daily email newsletter.
