FY2024 EPS Estimates for Bitcoin Depot Increased by B. Riley

Bitcoin Depot Inc. (NASDAQ:BTM) – Equities researchers at B. Riley lifted their FY2024 earnings per share (EPS) estimates for Bitcoin Depot in a note issued to investors on Thursday, November 14th. B. Riley analyst H. Goetsch now forecasts that the company will earn $0.11 per share for the year, up from their prior estimate of ($0.01). The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.06) per share. B. Riley also issued estimates for Bitcoin Depot’s Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.05 EPS and Q4 2025 earnings at $0.07 EPS.

Other analysts have also issued reports about the stock. HC Wainwright reduced their price objective on shares of Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, August 15th. Noble Financial raised shares of Bitcoin Depot to a “strong-buy” rating in a research note on Thursday, October 17th.

Bitcoin Depot Stock Performance

Shares of Bitcoin Depot stock opened at $2.04 on Monday. The firm has a market cap of $122.62 million, a PE ratio of -2.19 and a beta of -0.33. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 52 week low of $1.33 and a 52 week high of $3.70. The business’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $1.71.

Insider Activity

In other news, COO Christopher Scott Buchanan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $1.56, for a total value of $31,200.00. Following the completion of the transaction, the chief operating officer now owns 241,276 shares of the company’s stock, valued at approximately $376,390.56. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 50,100 shares of company stock valued at $77,051. 70.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bitcoin Depot

Several large investors have recently added to or reduced their stakes in BTM. Walleye Capital LLC boosted its position in Bitcoin Depot by 110.1% in 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 period. Renaissance Technologies LLC raised its stake in shares of Bitcoin Depot by 122.1% in the second 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 in the last quarter. Finally, Shaolin Capital Management LLC boosted its holdings in Bitcoin Depot by 7.6% in the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after purchasing an additional 49,600 shares during the period. 9.18% of the stock is owned by hedge funds and other institutional investors.

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.