Q2 2024 Earnings Estimate for Bitcoin Depot Inc. Issued By Northland Capmk (NASDAQ:BTM)

Bitcoin Depot Inc. (NASDAQ:BTMFree Report) – Investment analysts at Northland Capmk boosted their Q2 2024 EPS estimates for shares of Bitcoin Depot in a research note issued to investors on Monday, March 25th. Northland Capmk analyst M. Grondahl now expects that the company will earn $0.24 per share for the quarter, up from their previous estimate of $0.20. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.69) per share. Northland Capmk also issued estimates for Bitcoin Depot’s Q3 2024 earnings at $0.27 EPS.

A number of other equities research analysts have also issued reports on BTM. HC Wainwright cut their price objective on shares of Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday. B. Riley cut their price objective on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Northland Securities began coverage on shares of Bitcoin Depot in a report on Wednesday, December 20th. They set a “market perform” rating and a $3.50 price objective for the company.

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Bitcoin Depot Stock Down 1.8 %

Bitcoin Depot stock opened at $2.18 on Wednesday. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.72 and a quick ratio of 0.72. Bitcoin Depot has a 12-month low of $1.88 and a 12-month high of $11.15. The firm has a 50 day moving average of $2.36 and a 200 day moving average of $2.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Bitcoin Depot by 615.6% in the fourth quarter. Vanguard Group Inc. now owns 121,376 shares of the company’s stock worth $392,000 after buying an additional 104,414 shares during the last quarter. Wellington Management Group LLP bought a new stake in Bitcoin Depot in the fourth quarter worth $35,000. Owl Creek Asset Management L.P. bought a new stake in Bitcoin Depot in the fourth quarter worth $68,000. Northern Trust Corp bought a new stake in Bitcoin Depot in the fourth quarter worth $61,000. Finally, Cohanzick Management LLC lifted its position in Bitcoin Depot by 54.4% in the fourth 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 last quarter. 9.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bitcoin Depot

In related news, COO Christopher Scott Buchanan sold 14,512 shares of the firm’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 completion of the transaction, the chief operating officer now directly owns 338,741 shares of the company’s stock, valued at $840,077.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 20.09% of the stock is currently owned by insiders.

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.

See Also

Earnings History and Estimates for Bitcoin Depot (NASDAQ:BTM)

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