Analysts Offer Predictions for Bitcoin Depot FY2024 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Stock analysts at B. Riley raised their FY2024 earnings per share estimates for Bitcoin Depot in a research report issued to clients and investors on Thursday, November 14th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings per share of $0.11 for the year, up from their previous estimate of ($0.01). The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.06) per share. B. Riley also issued estimates for Bitcoin Depot’s Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.05 EPS and Q4 2025 earnings at $0.07 EPS.

A number of other brokerages also recently issued reports on BTM. Noble Financial upgraded shares of Bitcoin Depot to a “strong-buy” rating in a report on Thursday, October 17th. 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 research report on Thursday, August 15th.

Bitcoin Depot Stock Down 3.5 %

NASDAQ BTM opened at $1.93 on Monday. The stock has a market cap of $116.02 million, a PE ratio of -2.08 and a beta of -0.33. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 12 month low of $1.33 and a 12 month high of $3.70. The stock’s 50 day moving average is $1.64 and its 200 day moving average is $1.71.

Institutional Trading of Bitcoin Depot

A number of hedge funds have recently bought and sold shares of BTM. Shaolin Capital Management LLC lifted its holdings in shares of Bitcoin Depot by 7.6% during the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after purchasing an additional 49,600 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Bitcoin Depot by 122.1% during 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 period. Finally, Walleye Capital LLC boosted its holdings in 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 purchasing an additional 12,337 shares during the last quarter. Hedge funds and other institutional investors own 9.18% of the company’s stock.

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 transaction of $31,200.00. Following the transaction, the chief operating officer now owns 241,276 shares of the company’s stock, valued at approximately $376,390.56. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 50,100 shares of company stock valued at $77,051 in the last 90 days. Company insiders own 70.23% of the company’s stock.

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.