Q3 EPS Estimates for Bitcoin Depot Lifted by Northland Capmk

Bitcoin Depot Inc. (NASDAQ:BTM) – Stock analysts at Northland Capmk boosted their Q3 2024 EPS estimates for shares of Bitcoin Depot in a report released on Thursday, November 14th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.02. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.06) per share. Northland Capmk also issued estimates for Bitcoin Depot’s Q4 2024 earnings at ($0.06) EPS and FY2024 earnings at ($0.16) EPS.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 213.00%. The company had revenue of $163.07 million for the quarter, compared to analyst estimates of $148.49 million.

A number of other analysts have also recently weighed in on BTM. HC Wainwright lowered their price target on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Noble Financial raised shares of Bitcoin Depot to a “strong-buy” rating in a report on Thursday, October 17th.

Bitcoin Depot Trading Down 17.7 %

Shares of BTM opened at $2.00 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 9.33. The stock has a market cap of $120.23 million, a PE ratio of -2.15 and a beta of -0.33. Bitcoin Depot has a 1 year low of $1.33 and a 1 year high of $3.70. The stock has a 50 day simple moving average of $1.63 and a 200-day simple moving average of $1.71.

Insider Buying and Selling

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.56, for a total value of $31,200.00. Following the completion of the sale, the chief operating officer now owns 241,276 shares in the company, valued at approximately $376,390.56. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 50,100 shares of company stock worth $77,051 in the last three months. Insiders own 70.23% of the company’s stock.

Hedge Funds Weigh In On Bitcoin Depot

A number of large investors have recently modified their holdings of BTM. Walleye Capital LLC raised its position in shares of Bitcoin Depot by 110.1% during the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after acquiring an additional 12,337 shares during the last quarter. Renaissance Technologies LLC increased its position in Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after purchasing an additional 26,000 shares during the period. Finally, Shaolin Capital Management LLC raised its holdings in Bitcoin Depot by 7.6% during the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock worth $1,326,000 after purchasing an additional 49,600 shares during the last quarter. 9.18% of the stock is currently owned by institutional investors and hedge funds.

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.