Bitcoin Depot Inc. Forecasted to Post Q4 2024 Earnings of $0.14 Per Share (NASDAQ:BTM)

Bitcoin Depot Inc. (NASDAQ:BTM) – Noble Financial lowered their Q4 2024 earnings estimates for shares of Bitcoin Depot in a note issued to investors on Monday, April 22nd. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.15. The consensus estimate for Bitcoin Depot’s current full-year earnings is $0.23 per share. Noble Financial also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.45 EPS.

Several other analysts also recently issued reports on the company. B. Riley dropped their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th. HC Wainwright cut their target price on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th.

Bitcoin Depot Stock Down 6.7 %

Shares of NASDAQ:BTM opened at $1.80 on Thursday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.81 and a current ratio of 0.81. Bitcoin Depot has a 12 month low of $1.36 and a 12 month high of $10.93. The company’s fifty day simple moving average is $2.16 and its 200 day simple moving average is $2.35.

Insider Buying and Selling at Bitcoin Depot

In other news, insider Brandon Taylor Mintz sold 62,865 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $1.99, for a total transaction of $125,101.35. Following the transaction, the insider now owns 759,567 shares in the company, valued at $1,511,538.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Christopher Scott Buchanan sold 14,512 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total transaction of $35,989.76. Following the transaction, the chief operating officer now directly owns 338,741 shares of the company’s stock, valued at $840,077.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandon Taylor Mintz sold 62,865 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1.99, for a total value of $125,101.35. Following the completion of the sale, the insider now owns 759,567 shares of the company’s stock, valued at $1,511,538.33. The disclosure for this sale can be found here. Insiders sold 127,377 shares of company stock valued at $247,591 in the last quarter. 20.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bitcoin Depot

A number of hedge funds have recently added to or reduced their stakes in BTM. Shaolin Capital Management LLC acquired a new stake in shares of Bitcoin Depot during the 3rd quarter worth $11,244,000. AWM Investment Company Inc. acquired a new position in shares of Bitcoin Depot in the 3rd quarter valued at approximately $2,464,000. Cohanzick Management LLC lifted its holdings in shares of Bitcoin Depot by 54.4% during the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after acquiring an additional 212,000 shares during the period. Radcliffe Capital Management L.P. bought a new position in Bitcoin Depot in the third quarter valued at approximately $1,075,000. Finally, Meteora Capital LLC acquired a new position in Bitcoin Depot during the third quarter valued at approximately $902,000. Institutional investors own 9.18% of the company’s stock.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.