Bitcoin Depot Q4 EPS Estimate Reduced by Noble Financial

Bitcoin Depot Inc. (NASDAQ:BTM) – Stock analysts at Noble Financial cut their Q4 2024 earnings estimates for Bitcoin Depot in a research note issued to investors on Thursday, November 14th. Noble Financial analyst P. Mccann now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their prior forecast of $0.01. Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.10) per share. Noble Financial also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.31 EPS.

Separately, HC Wainwright cut their target price on shares of Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, August 15th.

Bitcoin Depot Stock Performance

Shares of BTM opened at $2.00 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a 50-day moving average of $1.63 and a 200-day moving average of $1.72. The company has a market cap of $120.22 million, a PE ratio of -1.53 and a beta of -0.33. Bitcoin Depot has a one year low of $1.33 and a one year high of $3.70.

Bitcoin Depot (NASDAQ:BTM) last issued its earnings results 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 return on equity of 307.37% and a negative net margin of 3.10%. The firm had revenue of $163.07 million for the quarter, compared to analyst estimates of $148.49 million.

Institutional Investors Weigh In On Bitcoin Depot

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Shaolin Capital Management LLC raised its stake 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 worth $1,326,000 after purchasing an additional 49,600 shares during the period. 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 buying an additional 26,000 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Bitcoin Depot by 110.1% during the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after buying an additional 12,337 shares during the last quarter. Institutional investors and hedge funds own 9.18% of the company’s stock.

Insider Buying and Selling

In related news, COO Christopher Scott Buchanan sold 20,000 shares of the business’s stock in a transaction on 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 in the company, valued at $376,390.56. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 50,100 shares of company stock valued at $77,051 over the last 90 days. 70.23% of the stock is owned by insiders.

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.