B. Riley Weighs in on Bitcoin Depot FY2024 Earnings

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

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

Bitcoin Depot Trading Up 4.1 %

Shares of NASDAQ BTM opened at $1.79 on Friday. Bitcoin Depot has a fifty-two week low of $1.33 and a fifty-two week high of $3.52. The firm has a market capitalization of $108.10 million and a P/E ratio of -1.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $1.77 and its 200 day simple moving average is $1.68.

Institutional Trading of Bitcoin Depot

A number of institutional investors and hedge funds have recently modified their holdings of BTM. 272 Capital LP acquired a new stake in Bitcoin Depot during the 3rd quarter worth $401,000. Renaissance Technologies LLC raised 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 during the period. 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 in the last quarter. 9.18% of the stock is owned by 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.