Bitcoin Depot (BTM) Expected to Announce Quarterly Earnings on Monday

Bitcoin Depot (NASDAQ:BTM) is expected to post its quarterly earnings data before the market opens on Monday, April 21st. Analysts expect Bitcoin Depot to post earnings of $0.03 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Bitcoin Depot (NASDAQ:BTM) last issued its quarterly earnings data on Monday, March 24th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.25). The firm had revenue of $136.83 million for the quarter, compared to the consensus estimate of $131.50 million. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%.

Bitcoin Depot Stock Performance

NASDAQ:BTM opened at $1.19 on Monday. The stock has a 50 day simple moving average of $1.32 and a 200 day simple moving average of $1.57. The stock has a market cap of $76.09 million, a P/E ratio of -1.28 and a beta of -0.26. Bitcoin Depot has a 1-year low of $0.93 and a 1-year high of $3.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $4.70 target price (up previously from $4.50) on shares of Bitcoin Depot in a research report on Wednesday, March 19th. HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Bitcoin Depot in a report on Tuesday, March 18th.

Insider Activity

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 20,476 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $1.33, for a total value of $27,233.08. Following the transaction, the chief operating officer now directly owns 169,276 shares of the company’s stock, valued at $225,137.08. This trade represents a 10.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 55,000 shares of company stock worth $77,348. 70.23% of the stock is currently owned by company insiders.

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.