Noble Financial Forecasts Bitcoin Depot FY2025 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Research analysts at Noble Financial issued their FY2025 earnings per share (EPS) estimates for Bitcoin Depot in a report released on Wednesday, March 19th. Noble Financial analyst P. Mccann expects that the company will post earnings of $0.28 per share for the year.

BTM has been the subject of a number of other research reports. HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a research report on Tuesday. B. Riley restated a “buy” rating and set a $4.70 price objective (up from $4.50) on shares of Bitcoin Depot in a research report on Wednesday.

Bitcoin Depot Trading Down 1.4 %

NASDAQ:BTM opened at $1.36 on Friday. The company has a market capitalization of $82.13 million, a PE ratio of -1.46 and a beta of 0.10. Bitcoin Depot has a 52-week low of $0.93 and a 52-week high of $3.52. The stock has a fifty day simple moving average of $1.43 and a 200-day simple moving average of $1.60. 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 Inflows and Outflows

Institutional investors and hedge funds 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 third quarter valued at approximately $401,000. Walleye Capital LLC raised its holdings 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 acquiring an additional 12,337 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Bitcoin Depot during the 4th quarter worth $427,000. Two Sigma Advisers LP purchased a new stake in shares of Bitcoin Depot in the fourth quarter valued at $267,000. Finally, Welch Capital Partners LLC NY increased its stake in Bitcoin Depot by 480.1% in the fourth quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company’s stock valued at $846,000 after purchasing an additional 432,073 shares during the last quarter. 9.18% of the stock is currently owned by hedge funds and other institutional investors.

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.