Brokers Set Expectations for Bitcoin Depot FY2025 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Research analysts at Noble Financial issued their FY2025 EPS estimates for Bitcoin Depot in a note issued to investors on Wednesday, March 19th. Noble Financial analyst P. Mccann forecasts that the company will post earnings per share of $0.28 for the year.

Several other research analysts have also recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $4.70 target price (up previously from $4.50) on shares of Bitcoin Depot in a report on Wednesday. HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, March 18th.

Bitcoin Depot Trading Down 1.4 %

Shares of Bitcoin Depot stock opened at $1.36 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a fifty day moving average price of $1.43 and a 200 day moving average price of $1.60. Bitcoin Depot has a 1 year low of $0.93 and a 1 year high of $3.52. The stock has a market cap of $82.13 million, a PE ratio of -1.46 and a beta of 0.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Owl Capital Holdings LP increased its holdings in Bitcoin Depot by 480.0% in the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock valued at $29,000 after buying an additional 15,000 shares in the last quarter. Walleye Capital LLC increased 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 buying an additional 12,337 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Bitcoin Depot by 96.4% in the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock valued at $237,000 after buying an additional 71,700 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Bitcoin Depot in the fourth quarter valued at $267,000. Finally, 272 Capital LP purchased a new position in Bitcoin Depot in the third quarter valued at $401,000. Hedge funds and other institutional investors own 9.18% 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.