Q4 2024 Earnings Forecast for Bitcoin Depot Inc. (NASDAQ:BTM) Issued By Noble Financial

Bitcoin Depot Inc. (NASDAQ:BTM) – Analysts at Noble Financial decreased their Q4 2024 earnings per share estimates for shares of Bitcoin Depot in a report issued on Monday, April 22nd. Noble Financial analyst M. Kupinski now expects that the company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.15. The consensus estimate for Bitcoin Depot’s current full-year earnings is $0.23 per share. Noble Financial also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.45 EPS.

BTM has been the topic of a number of other research reports. B. Riley reduced their price objective on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th. HC Wainwright reduced their price objective on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th.

Bitcoin Depot Trading Up 1.6 %

NASDAQ:BTM opened at $1.93 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13. Bitcoin Depot has a 1 year low of $1.36 and a 1 year high of $10.93. The stock’s 50 day simple moving average is $2.18 and its two-hundred day simple moving average is $2.35.

Insider Transactions at Bitcoin Depot

In other news, insider Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1.73, for a total value of $86,500.00. Following the completion of the transaction, the insider now owns 696,702 shares in the company, valued at approximately $1,205,294.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Brandon Taylor Mintz sold 50,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.73, for a total transaction of $86,500.00. Following the completion of the transaction, the insider now owns 696,702 shares in the company, valued at approximately $1,205,294.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christopher Scott Buchanan sold 14,512 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total value of $35,989.76. Following the transaction, the chief operating officer now owns 338,741 shares of the company’s stock, valued at approximately $840,077.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,377 shares of company stock worth $247,591. 20.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bitcoin Depot

A number of large investors have recently bought and sold shares of the business. Cowen AND Company LLC purchased a new position in Bitcoin Depot during the 3rd quarter valued at $35,000. Owl Creek Asset Management L.P. purchased a new stake in shares of Bitcoin Depot in the 4th quarter worth $68,000. Saba Capital Management L.P. purchased a new stake in shares of Bitcoin Depot in the 3rd quarter worth $305,000. Kepos Capital LP purchased a new stake in shares of Bitcoin Depot in the 3rd quarter worth $368,000. Finally, Cohanzick Management LLC lifted its holdings in shares of Bitcoin Depot by 54.4% in the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after buying an additional 212,000 shares during the period. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Bitcoin Depot Company Profile

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.