Bitcoin Depot (BTM) Scheduled to Post Quarterly Earnings on Wednesday

Bitcoin Depot (NASDAQ:BTM) will be posting its quarterly earnings results before the market opens on Wednesday, November 13th. Parties that are interested in registering for the company’s conference call can do so using this link.

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

Shares of NASDAQ:BTM opened at $1.74 on Monday. Bitcoin Depot has a 12 month low of $1.33 and a 12 month high of $3.70. The firm has a market capitalization of $104.60 million, a P/E ratio of -1.33 and a beta of -0.33. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.16 and a quick ratio of 1.16. The company’s fifty day moving average price is $1.54 and its 200 day moving average price is $1.69.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BTM. HC Wainwright reduced their target price on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, August 15th. Noble Financial upgraded Bitcoin Depot to a “strong-buy” rating in a research note on Thursday, October 17th.

Insider Activity

In related news, COO Christopher Scott Buchanan sold 20,000 shares of the firm’s 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 transaction, the chief operating officer now owns 241,276 shares of the company’s stock, valued at $376,390.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 50,100 shares of company stock valued at $77,051. Insiders own 20.09% of the company’s stock.

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.