B. Riley Has Positive Forecast for Bitcoin Depot Q4 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Research analysts at B. Riley boosted their Q4 2024 earnings per share estimates for shares of Bitcoin Depot in a research note issued to investors on Wednesday, January 22nd. B. Riley analyst H. Goetsch now anticipates that the company will earn $0.06 per share for the quarter, up from their previous estimate of $0.04. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.11) per share.

Separately, Noble Financial raised Bitcoin Depot to a “strong-buy” rating in a research report on Thursday, October 17th.

Bitcoin Depot Price Performance

Shares of BTM stock opened at $1.71 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a fifty-two week low of $1.33 and a fifty-two week high of $3.52. The stock’s 50-day moving average is $1.79 and its two-hundred day moving average is $1.68.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC grew its stake in shares of Bitcoin Depot by 110.1% in the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after acquiring an additional 12,337 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Bitcoin Depot by 122.1% during the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after purchasing an additional 26,000 shares during the period. Finally, 272 Capital LP acquired a new position in shares of Bitcoin Depot during the third quarter valued at about $401,000. Institutional investors and hedge funds own 9.18% of the company’s stock.

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.