Bitcoin Depot (NASDAQ:BTM) Now Covered by Analysts at B. Riley

B. Riley initiated coverage on shares of Bitcoin Depot (NASDAQ:BTMFree Report) in a research report report published on Monday, FlyOnTheWall reports. The brokerage issued a buy rating on the stock.

Separately, Noble Financial began coverage on Bitcoin Depot in a research note on Thursday, September 7th. They issued an outperform rating and a $9.00 price objective on the stock.

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Bitcoin Depot Stock Down 12.3 %

Shares of BTM stock opened at $2.71 on Monday. Bitcoin Depot has a 52-week low of $2.57 and a 52-week high of $11.15. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 4.22. The firm has a 50-day moving average price of $3.28.

Bitcoin Depot (NASDAQ:BTMGet Free Report) last announced its earnings results on Monday, August 14th. The company reported ($0.69) earnings per share for the quarter. The firm had revenue of $197.47 million during the quarter.

About Bitcoin Depot

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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.

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