B. Riley Forecasts Bitcoin Depot FY2025 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Analysts at B. Riley issued their FY2025 earnings per share (EPS) estimates for Bitcoin Depot in a research report issued to clients and investors on Thursday, November 14th. B. Riley analyst H. Goetsch forecasts that the company will post earnings of $0.21 per share for the year. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.10) per share.

Several other analysts have also commented on BTM. Noble Financial upgraded Bitcoin Depot to a “strong-buy” rating in a report on Thursday, October 17th. HC Wainwright reduced their target price on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

Bitcoin Depot Trading Down 2.0 %

NASDAQ:BTM opened at $2.43 on Friday. The stock has a market capitalization of $146.07 million, a price-to-earnings ratio of -1.85 and a beta of -0.33. Bitcoin Depot has a 52 week low of $1.33 and a 52 week high of $3.70. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 9.33. The firm has a 50 day moving average of $1.62 and a 200 day moving average of $1.72.

Bitcoin Depot (NASDAQ:BTM) last issued its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The firm had revenue of $163.07 million during the quarter, compared to analysts’ expectations of $148.49 million. Bitcoin Depot had a negative return on equity of 307.37% and a negative net margin of 3.10%.

Insider Buying and Selling at Bitcoin Depot

In related news, COO Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $1.56, for a total transaction of $31,200.00. Following the completion of the sale, the chief operating officer now owns 241,276 shares of the company’s stock, valued at $376,390.56. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 50,100 shares of company stock worth $77,051. 70.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bitcoin Depot

A number of institutional investors have recently bought and sold shares of the business. 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 last quarter. Renaissance Technologies LLC lifted its holdings in shares of 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 buying an additional 26,000 shares during the period. Finally, Walleye Capital LLC boosted its stake 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 last quarter. 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.