Bitcoin Depot (NASDAQ:BTM) Announces Earnings Results, Misses Estimates By $0.25 EPS

Bitcoin Depot (NASDAQ:BTM) posted its quarterly earnings data on Monday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.25), Zacks reports. The business had revenue of $136.83 million during the quarter, compared to the consensus estimate of $131.50 million. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%.

Bitcoin Depot Stock Performance

Bitcoin Depot stock opened at $1.59 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. The stock has a market cap of $96.02 million, a PE ratio of -1.71 and a beta of 0.10. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.52. The business’s 50-day moving average price is $1.43 and its two-hundred day moving average price is $1.60.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, March 18th. B. Riley restated a “buy” rating and issued a $4.70 target price (up from $4.50) on shares of Bitcoin Depot in a research report on Wednesday, March 19th.

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.