Bitcoin Depot (NASDAQ:BTM) Announces Earnings Results

Bitcoin Depot (NASDAQ:BTM) issued its earnings results on Monday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.25), Zacks reports. The company had revenue of $136.83 million during the quarter, compared to analyst estimates of $131.50 million. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%.

Bitcoin Depot Stock Performance

NASDAQ:BTM opened at $1.59 on Wednesday. The stock has a market cap of $96.02 million, a price-to-earnings ratio of -1.71 and a beta of 0.10. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. Bitcoin Depot has a 1 year low of $0.93 and a 1 year high of $3.52. The business has a fifty day moving average of $1.43 and a 200-day moving average of $1.60.

Wall Street Analysts Forecast Growth

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

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.