Bitcoin Depot (BTM) Set to Announce Earnings on Tuesday

Bitcoin Depot (NASDAQ:BTM - Get Free Report) will release its earnings data before the market opens on Tuesday, May 14th. Analysts expect Bitcoin Depot to post earnings of ($0.06) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its earnings results on Monday, April 15th. The company reported ($0.50) EPS for the quarter. The company had revenue of $148.41 million during the quarter. On average, analysts expect Bitcoin Depot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bitcoin Depot Price Performance

NASDAQ BTM traded down $0.16 during trading on Tuesday, reaching $1.73. 181,275 shares of the company's stock were exchanged, compared to its average volume of 338,701. The company has a 50 day moving average price of $2.08 and a two-hundred day moving average price of $2.30. Bitcoin Depot has a 1 year low of $1.36 and a 1 year high of $10.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13.

Insider Activity

In other news, COO Christopher Scott Buchanan sold 50,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $1.75, for a total value of $87,500.00. Following the completion of the sale, the chief operating officer now directly owns 351,276 shares of the company's stock, valued at $614,733. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Christopher Scott Buchanan sold 50,000 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $1.75, for a total value of $87,500.00. Following the completion of the sale, the chief operating officer now directly owns 351,276 shares of the company's stock, valued at $614,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brandon Taylor Mintz sold 62,865 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1.99, for a total transaction of $125,101.35. Following the sale, the insider now owns 759,567 shares of the company's stock, valued at approximately $1,511,538.33. The disclosure for this sale can be found here. In the last three months, insiders sold 3,084,353 shares of company stock valued at $5,335,090. Insiders own 20.09% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BTM. 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 research note on Tuesday, March 26th. B. Riley reduced their price objective on shares of Bitcoin Depot from $6.00 to $4.00 and set a "buy" rating for the company in a research report on Tuesday, March 26th.

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.