Q4 2024 Earnings Forecast for Bitcoin Depot Inc. (NASDAQ:BTM) Issued By Noble Financial

Bitcoin Depot Inc. (NASDAQ:BTM) – Investment analysts at Noble Financial cut their Q4 2024 earnings per share estimates for shares of Bitcoin Depot in a report issued on Monday, April 22nd. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.15. The consensus estimate for Bitcoin Depot’s current full-year earnings is $0.23 per share. Noble Financial also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.45 EPS.

Several other equities research analysts have also commented on the company. HC Wainwright decreased their price target on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th. B. Riley cut their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 26th.

Bitcoin Depot Stock Performance

Shares of BTM opened at $1.93 on Thursday. The stock’s 50 day moving average is $2.18 and its two-hundred day moving average is $2.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13. Bitcoin Depot has a twelve month low of $1.36 and a twelve month high of $10.93.

Insider Transactions at Bitcoin Depot

In other news, insider Brandon Taylor Mintz sold 62,865 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $1.99, for a total transaction of $125,101.35. Following the completion of the sale, the insider now directly owns 759,567 shares in the company, valued at approximately $1,511,538.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Christopher Scott Buchanan sold 14,512 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.48, for a total transaction of $35,989.76. Following the completion of the sale, the chief operating officer now directly owns 338,741 shares in the company, valued at approximately $840,077.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brandon Taylor Mintz sold 62,865 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $1.99, for a total value of $125,101.35. Following the completion of the transaction, the insider now directly owns 759,567 shares in the company, valued at $1,511,538.33. The disclosure for this sale can be found here. Insiders sold a total of 127,377 shares of company stock worth $247,591 in the last ninety days. Insiders own 20.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cowen AND Company LLC purchased a new position in Bitcoin Depot in the third quarter valued at about $35,000. Owl Creek Asset Management L.P. purchased a new position in Bitcoin Depot in the fourth quarter valued at about $68,000. Saba Capital Management L.P. purchased a new position in Bitcoin Depot in the third quarter valued at about $305,000. Kepos Capital LP purchased a new position in Bitcoin Depot in the third quarter valued at about $368,000. Finally, Exchange Traded Concepts LLC purchased a new position in Bitcoin Depot in the third quarter valued at about $703,000. 9.18% of the stock is owned by hedge funds and other institutional investors.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.