B. Riley Forecasts Bitcoin Depot FY2024 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Stock analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for Bitcoin Depot in a research note issued on Wednesday, January 22nd. B. Riley analyst H. Goetsch anticipates that the company will earn $0.13 per share for the year. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.11) per share.

Separately, Noble Financial raised shares of Bitcoin Depot to a “strong-buy” rating in a research note on Thursday, October 17th.

Bitcoin Depot Price Performance

BTM opened at $1.79 on Friday. The company has a market capitalization of $108.10 million and a price-to-earnings ratio of -1.92. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 12-month low of $1.33 and a 12-month high of $3.52. The business’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $1.68.

Hedge Funds Weigh In On Bitcoin Depot

A number of large investors have recently made changes to their positions in BTM. Walleye Capital LLC increased its position in 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 buying an additional 12,337 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 26,000 shares in the last quarter. Finally, 272 Capital LP purchased a new stake in shares of Bitcoin Depot during the third quarter worth about $401,000. 9.18% of the stock is owned by institutional investors and hedge funds.

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.