HC Wainwright Predicts Increased Earnings for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – HC Wainwright upped their Q1 2025 earnings per share estimates for shares of Bitcoin Depot in a research report issued to clients and investors on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings per share of $0.02 for the quarter, up from their previous estimate of ($0.07). HC Wainwright currently has a “Buy” rating and a $4.00 target price on the stock. HC Wainwright also issued estimates for Bitcoin Depot’s Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.03 EPS.

Separately, B. Riley reaffirmed a “buy” rating and issued a $4.70 target price (up from $4.50) on shares of Bitcoin Depot in a research report on Wednesday.

Bitcoin Depot Stock Performance

Shares of Bitcoin Depot stock opened at $1.36 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 52 week low of $0.93 and a 52 week high of $3.52. The firm’s 50 day moving average is $1.43 and its two-hundred day moving average is $1.60. The firm has a market capitalization of $82.13 million, a P/E ratio of -1.46 and a beta of 0.10.

Institutional Trading of Bitcoin Depot

A number of large investors have recently made changes to their positions in BTM. 272 Capital LP purchased a new stake in Bitcoin Depot in the third quarter valued at approximately $401,000. Walleye Capital LLC raised its position 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 purchasing an additional 12,337 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Bitcoin Depot during the 4th quarter worth $427,000. Two Sigma Advisers LP purchased a new position in Bitcoin Depot during the 4th quarter worth $267,000. Finally, Welch Capital Partners LLC NY grew its position in Bitcoin Depot by 480.1% during the 4th quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company’s stock worth $846,000 after purchasing an additional 432,073 shares during the last quarter. 9.18% of the stock is 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.