Q4 EPS Estimates for Bitcoin Depot Decreased by Analyst

Bitcoin Depot Inc. (NASDAQ:BTM) – Investment analysts at Noble Financial dropped their Q4 2024 earnings per share estimates for Bitcoin Depot in a research report issued to clients and investors on Thursday, November 14th. Noble Financial analyst P. Mccann now forecasts that the company will earn ($0.01) per share for the quarter, down from their prior forecast of $0.01. Noble Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.10) per share. Noble Financial also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.31 EPS.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly earnings data 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 return on equity of 307.37% and a negative net margin of 3.10%. The firm had revenue of $163.07 million during the quarter, compared to the consensus estimate of $148.49 million.

Separately, HC Wainwright decreased their target price on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, August 15th.

Bitcoin Depot Price Performance

Bitcoin Depot stock opened at $2.00 on Friday. 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 stock has a market cap of $120.22 million, a price-to-earnings ratio of -1.53 and a beta of -0.33. The firm has a 50-day moving average of $1.63 and a two-hundred day moving average of $1.72. Bitcoin Depot has a 1 year low of $1.33 and a 1 year high of $3.70.

Institutional Trading of Bitcoin Depot

Several hedge funds have recently modified their holdings of BTM. Shaolin Capital Management LLC raised its stake in shares of Bitcoin Depot by 7.6% during the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock worth $1,326,000 after acquiring an additional 49,600 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Bitcoin Depot by 122.1% during the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of Bitcoin Depot by 110.1% during the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after purchasing an additional 12,337 shares during the last quarter. 9.18% of the stock is owned by hedge funds and other institutional investors.

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 sale, the chief operating officer now owns 241,276 shares of the company’s stock, valued at $376,390.56. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 50,100 shares of company stock worth $77,051. Corporate insiders own 70.23% of the company’s stock.

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.