Northland Capmk Boosts Earnings Estimates for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – Stock analysts at Northland Capmk lifted their FY2024 earnings estimates for shares of Bitcoin Depot in a research report issued to clients and investors on Wednesday, January 22nd. Northland Capmk analyst M. Grondahl now expects that the company will post earnings per share of $0.02 for the year, up from their prior estimate of ($0.16). The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.11) per share. Northland Capmk also issued estimates for Bitcoin Depot’s Q4 2024 earnings at $0.11 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.13 EPS and FY2025 earnings at $0.43 EPS.

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

Bitcoin Depot Trading Up 4.1 %

BTM opened at $1.79 on Friday. The stock has a market capitalization of $108.10 million and a PE 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. Bitcoin Depot has a 12-month low of $1.33 and a 12-month high of $3.52. The firm’s fifty day moving average price is $1.77 and its 200 day moving average price is $1.68.

Institutional Trading of Bitcoin Depot

Large investors have recently added to or reduced their stakes in the company. 272 Capital LP acquired a new position in shares of Bitcoin Depot in the 3rd quarter valued at about $401,000. Walleye Capital LLC increased its stake in Bitcoin Depot by 110.1% in 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 during the period. Finally, Renaissance Technologies LLC increased its stake in Bitcoin Depot by 122.1% in the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after buying an additional 26,000 shares during the period. 9.18% of the stock is owned by institutional investors and hedge funds.

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.