Bitcoin Depot (BTM) Projected to Post Quarterly Earnings on Monday

Bitcoin Depot (NASDAQ:BTM) is anticipated to announce its earnings results before the market opens on Monday, April 21st. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings data on Monday, March 24th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.25). Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%. The business had revenue of $136.83 million for the quarter, compared to the consensus estimate of $131.50 million.

Bitcoin Depot Price Performance

NASDAQ BTM opened at $1.19 on Monday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $76.09 million, a price-to-earnings ratio of -1.28 and a beta of -0.26. The business has a 50 day simple moving average of $1.32 and a 200 day simple moving average of $1.57. Bitcoin Depot has a 52-week low of $0.93 and a 52-week high of $3.52.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BTM shares. B. Riley restated a “buy” rating and set a $4.70 price objective (up from $4.50) on shares of Bitcoin Depot in a report on Wednesday, March 19th. HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Bitcoin Depot in a research note on Tuesday, March 18th.

Insider Transactions at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 29,524 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $1.44, for a total value of $42,514.56. Following the completion of the transaction, the chief operating officer now owns 189,752 shares in the company, valued at $273,242.88. This trade represents a 13.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 55,000 shares of company stock valued at $77,348 in the last ninety days. 70.23% of the stock is currently owned by corporate insiders.

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.