Bitcoin Depot FY2024 EPS Forecast Boosted by Noble Financial

Bitcoin Depot Inc. (NASDAQ:BTM) – Stock analysts at Noble Financial boosted their FY2024 earnings estimates for shares of Bitcoin Depot in a report issued on Thursday, November 14th. Noble Financial analyst P. Mccann now anticipates that the company will post earnings per share of $0.03 for the year, up from their prior forecast of $0.02. Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.06) per share.

Separately, HC Wainwright decreased their price target on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

Bitcoin Depot Price Performance

Shares of Bitcoin Depot stock opened at $1.93 on Monday. Bitcoin Depot has a 1-year low of $1.33 and a 1-year high of $3.70. The firm’s 50-day moving average price is $1.64 and its two-hundred day moving average price is $1.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $116.02 million, a price-to-earnings ratio of -2.08 and a beta of -0.33.

Insider Buying and Selling at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $1.56, for a total transaction of $31,200.00. Following the completion of the sale, the chief operating officer now owns 241,276 shares in the company, valued at $376,390.56. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 50,100 shares of company stock worth $77,051. 70.23% of the stock is currently owned by corporate insiders.

Institutional Trading of Bitcoin Depot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 26,000 shares during the last quarter. Walleye Capital LLC boosted its stake in Bitcoin Depot by 110.1% in the third 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. Finally, Shaolin Capital Management LLC grew its holdings in Bitcoin Depot by 7.6% during the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock worth $1,326,000 after acquiring an additional 49,600 shares during the period. 9.18% of the stock is currently owned by institutional investors and hedge funds.

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.