B. Riley Brokers Raise Earnings Estimates for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – Analysts at B. Riley boosted their Q4 2024 earnings per share estimates for Bitcoin Depot in a research report issued on Wednesday, January 22nd. B. Riley analyst H. Goetsch now expects that the company will post earnings of $0.06 per share for the quarter, up from their previous forecast of $0.04. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.11) per share.

Separately, Noble Financial upgraded Bitcoin Depot to a “strong-buy” rating in a research report on Thursday, October 17th.

Bitcoin Depot Price Performance

Shares of Bitcoin Depot stock opened at $1.79 on Thursday. The stock’s 50-day simple moving average is $1.77 and its 200-day simple moving average is $1.68. Bitcoin Depot has a 52 week low of $1.33 and a 52 week high of $3.52. The company has a market capitalization of $108.10 million and a price-to-earnings ratio of -1.92. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33.

Institutional Investors Weigh In On Bitcoin Depot

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after buying an additional 26,000 shares in the last quarter. 272 Capital LP purchased a new stake in shares of Bitcoin Depot in the third quarter worth about $401,000. Finally, Walleye Capital LLC lifted its position 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 in the last quarter. 9.18% of the stock is currently 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.