Bitcoin Depot Inc. (NASDAQ:BTM – Free Report) – Investment analysts at B. Riley issued their FY2024 earnings per share estimates for shares of Bitcoin Depot in a research report issued on Wednesday, January 22nd. B. Riley analyst H. Goetsch forecasts that the company will post earnings of $0.13 per share for the year. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.11) per share.
Separately, Noble Financial upgraded shares of Bitcoin Depot to a “strong-buy” rating in a research note on Thursday, October 17th.
Bitcoin Depot Price Performance
Shares of NASDAQ:BTM opened at $1.79 on Friday. The firm has a market cap of $108.10 million and a price-to-earnings ratio of -1.92. The firm has a fifty day moving average price of $1.77 and a 200 day moving average price of $1.68. Bitcoin Depot has a fifty-two week low of $1.33 and a fifty-two week high of $3.52. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91.
Institutional Investors Weigh In On Bitcoin Depot
A number of hedge funds have recently bought and sold shares of the business. Walleye Capital LLC raised its holdings in shares of Bitcoin Depot by 110.1% in the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after buying an additional 12,337 shares during the period. Renaissance Technologies LLC grew its position in Bitcoin Depot by 122.1% in 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 last quarter. Finally, 272 Capital LP bought a new position in Bitcoin Depot in the 3rd quarter valued at $401,000. Hedge funds and other institutional investors own 9.18% of the company’s stock.
About Bitcoin Depot
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.
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