Analysts Offer Predictions for Bitcoin Depot FY2027 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Analysts at Noble Financial issued their FY2027 earnings per share estimates for shares of Bitcoin Depot in a note issued to investors on Tuesday, March 17th. Noble Financial analyst P. Mccann forecasts that the company will post earnings of ($1.43) per share for the year. Noble Financial has a “Outperform” rating on the stock.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly earnings results on Monday, March 16th. The company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.71). Bitcoin Depot had a negative return on equity of 81.99% and a negative net margin of 0.94%.The firm had revenue of $116.04 million during the quarter, compared to analysts’ expectations of $113.93 million.

Other analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bitcoin Depot in a research note on Wednesday, January 21st. B. Riley Financial boosted their price target on shares of Bitcoin Depot to $4.20 and gave the company a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.23.

Bitcoin Depot Price Performance

Shares of NASDAQ:BTM opened at $3.53 on Wednesday. The company has a 50 day moving average of $6.55 and a 200 day moving average of $13.57. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.86. The stock has a market cap of $36.75 million, a P/E ratio of 1.86 and a beta of 0.96. Bitcoin Depot has a 12 month low of $3.52 and a 12 month high of $48.16.

Institutional Investors Weigh In On Bitcoin Depot

A number of institutional investors have recently made changes to their positions in the business. Heron Bay Capital Management bought a new position in shares of Bitcoin Depot during the 2nd quarter valued at $327,000. Caitong International Asset Management Co. Ltd bought a new stake in Bitcoin Depot in the fourth quarter worth $45,000. Aristides Capital LLC purchased a new stake in Bitcoin Depot during the fourth quarter valued at about $137,000. Sabby Management LLC purchased a new stake in Bitcoin Depot during the fourth quarter valued at about $1,292,000. Finally, Centiva Capital LP bought a new position in shares of Bitcoin Depot during the third quarter valued at about $269,000. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Bitcoin Depot Company Profile

Bitcoin Depot, Inc operates one of the largest networks of self-service cryptocurrency kiosks in North America, enabling customers to buy and sell Bitcoin and other digital assets using cash or debit cards. Through a partnership model with convenience stores, gas stations and retail outlets, the company provides an accessible on-ramp and off-ramp for individuals entering the cryptocurrency market without requiring a bank account or extensive technical knowledge. Transactions are completed in real time at the point of sale, with verification and receipt provided via email or mobile phone.

Founded in 2016 and headquartered in Atlanta, Georgia, Bitcoin Depot began as a privately held startup focused on expanding retail access to digital currencies.