Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Stock analysts at Noble Financial dropped their Q4 2024 earnings per share (EPS) estimates for shares of Bitcoin Depot in a research report issued to clients and investors on Monday, April 22nd. Noble Financial analyst M. Kupinski now expects that the company will post earnings of $0.14 per share for the quarter, down from their previous forecast 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.
BTM has been the subject of several other research reports. B. Riley lowered 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. HC Wainwright decreased their target price on Bitcoin Depot from $5.00 to $4.00 and set a "buy" rating for the company in a report on Tuesday, March 26th.
Read Our Latest Stock Report on BTM
Bitcoin Depot Stock Down 6.7 %
BTM traded down $0.13 during midday trading on Thursday, hitting $1.80. The company's stock had a trading volume of 86,211 shares, compared to its average volume of 358,909. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13. The firm has a 50-day moving average price of $2.16 and a two-hundred day moving average price of $2.35. Bitcoin Depot has a 52-week low of $1.36 and a 52-week high of $10.93.
Hedge Funds Weigh In On Bitcoin Depot
A number of institutional investors have recently made changes to their positions in the business. Shaolin Capital Management LLC bought a new position in Bitcoin Depot during the 3rd quarter worth $11,244,000. AWM Investment Company Inc. bought a new position in Bitcoin Depot during the 3rd quarter worth $2,464,000. Radcliffe Capital Management L.P. bought a new position in Bitcoin Depot during the 3rd quarter worth $1,075,000. Meteora Capital LLC bought a new position in Bitcoin Depot during the 3rd quarter worth $902,000. Finally, Exchange Traded Concepts LLC bought a new position in Bitcoin Depot during the 3rd quarter worth $703,000. 9.18% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Bitcoin Depot
In related news, COO Christopher Scott Buchanan sold 14,512 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 338,741 shares of the company's stock, valued at approximately $840,077.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bitcoin Depot news, insider Brandon Taylor Mintz sold 50,000 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1.73, for a total value of $86,500.00. Following the transaction, the insider now directly owns 696,702 shares of the company's stock, valued at approximately $1,205,294.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Christopher Scott Buchanan sold 14,512 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total value of $35,989.76. Following the completion of the transaction, the chief operating officer now directly owns 338,741 shares in the company, valued at $840,077.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,377 shares of company stock worth $247,591. 20.09% of the stock is currently owned by company insiders.
Bitcoin Depot Company Profile
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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.
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