Bitcoin Depot (NASDAQ:BTM) Posts Earnings Results

Bitcoin Depot (NASDAQ:BTM) announced its earnings results on Monday. The company reported ($3.40) EPS for the quarter, FiscalAI reports. Bitcoin Depot had a net margin of 1.44% and a return on equity of 791.02%. The business had revenue of $116.04 million for the quarter.

Bitcoin Depot Price Performance

BTM stock opened at $4.25 on Monday. The stock has a market capitalization of $44.24 million, a PE ratio of 2.64 and a beta of 0.96. The company’s 50-day moving average is $6.88 and its 200-day moving average is $13.95. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.88 and a quick ratio of 1.88. Bitcoin Depot has a 1 year low of $4.19 and a 1 year high of $48.16.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Heron Bay Capital Management acquired a new stake in Bitcoin Depot in the second quarter valued at approximately $327,000. Engineers Gate Manager LP raised its position in shares of Bitcoin Depot by 229.5% during the fourth quarter. Engineers Gate Manager LP now owns 47,543 shares of the company’s stock worth $61,000 after purchasing an additional 33,112 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bitcoin Depot during the fourth quarter worth approximately $45,000. Kestra Private Wealth Services LLC bought a new position in shares of Bitcoin Depot in the 3rd quarter worth $36,000. Finally, Aristides Capital LLC acquired a new stake in Bitcoin Depot in the 4th quarter valued at $137,000. 9.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BTM. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bitcoin Depot in a report on Wednesday, January 21st. Noble Financial reaffirmed an “outperform” rating on shares of Bitcoin Depot in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Bitcoin Depot presently has a consensus rating of “Hold” and a consensus target price of $40.83.

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.