Bitcoin Depot (NASDAQ:BTM) Issues Quarterly Earnings Results

Bitcoin Depot (NASDAQ:BTM) released its quarterly earnings data on Monday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.25), Zacks reports. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%. The firm had revenue of $136.83 million during the quarter, compared to analysts’ expectations of $131.50 million.

Bitcoin Depot Stock Performance

Shares of NASDAQ:BTM opened at $1.59 on Wednesday. The business’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $1.60. The company has a market cap of $96.02 million, a P/E ratio of -1.71 and a beta of 0.10. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. Bitcoin Depot has a one year low of $0.93 and a one year high of $3.52.

Analyst Ratings Changes

Several research firms recently commented on BTM. B. Riley restated a “buy” rating and issued a $4.70 price target (up previously from $4.50) on shares of Bitcoin Depot in a report on Wednesday, March 19th. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Bitcoin Depot in a research note on Tuesday, March 18th.

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.