Q1 2024 Earnings Forecast for Bitcoin Depot Inc. (NASDAQ:BTM) Issued By Northland Capmk

Bitcoin Depot Inc. (NASDAQ:BTM) – Investment analysts at Northland Capmk issued their Q1 2024 earnings estimates for Bitcoin Depot in a research note issued on Monday, March 25th. Northland Capmk analyst M. Grondahl anticipates that the company will post earnings of ($0.05) per share for the quarter. 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 Q4 2024 earnings at $0.18 EPS and FY2024 earnings at $0.65 EPS.

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

Bitcoin Depot Stock Performance

Shares of NASDAQ:BTM opened at $1.91 on Thursday. The company has a 50 day moving average of $2.35 and a 200 day moving average of $2.47. Bitcoin Depot has a 12 month low of $1.88 and a 12 month high of $11.15. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 3.16.

Insider Transactions at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 14,512 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 338,741 shares in the company, valued at approximately $840,077.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.09% of the company’s stock.

Institutional Investors Weigh In On Bitcoin Depot

Hedge funds have recently made changes to their positions in the business. Cowen AND Company LLC bought a new stake in shares of Bitcoin Depot in the 3rd quarter worth approximately $35,000. Wellington Management Group LLP bought a new stake in Bitcoin Depot during the 4th quarter valued at $35,000. Vanguard Group Inc. bought a new stake in Bitcoin Depot during the 3rd quarter valued at $45,000. Northern Trust Corp bought a new stake in Bitcoin Depot during the 4th quarter valued at $61,000. Finally, Owl Creek Asset Management L.P. bought a new stake in Bitcoin Depot during the 4th quarter valued at $68,000. 9.18% of the stock is currently owned by institutional investors.

Bitcoin Depot Company Profile

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.