Bitcoin Depot (BTM) to Release Earnings on Tuesday

Bitcoin Depot (NASDAQ:BTM) is set to issue its quarterly earnings data before the market opens on Tuesday, August 13th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Bitcoin Depot (NASDAQ:BTM) last released its earnings results on Tuesday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). Bitcoin Depot had a negative return on equity of 483.86% and a negative net margin of 4.28%. The business had revenue of $138.54 million for the quarter, compared to analyst estimates of $132.85 million. On average, analysts expect Bitcoin Depot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bitcoin Depot Price Performance

BTM stock traded up $0.01 on Tuesday, reaching $1.54. 59,734 shares of the company’s stock were exchanged, compared to its average volume of 243,419. The stock has a fifty day moving average of $1.78 and a 200-day moving average of $2.00. The firm has a market cap of $91.81 million, a PE ratio of -0.82 and a beta of -0.35. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 7.66. Bitcoin Depot has a twelve month low of $1.33 and a twelve month high of $3.85.

Insiders Place Their Bets

In other news, insider Brandon Taylor Mintz sold 17,454 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $1.79, for a total value of $31,242.66. Following the sale, the insider now directly owns 529,248 shares in the company, valued at $947,353.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Christopher Scott Buchanan sold 20,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $1.90, for a total transaction of $38,000.00. Following the sale, the chief operating officer now owns 311,276 shares in the company, valued at $591,424.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock in a transaction on Monday, July 1st. The shares were sold at an average price of $1.79, for a total value of $31,242.66. Following the completion of the sale, the insider now directly owns 529,248 shares of the company’s stock, valued at approximately $947,353.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,151 shares of company stock worth $192,917. Insiders own 20.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, May 14th.

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.