Bitcoin Depot (BTM) Projected to Post Earnings on Monday

Bitcoin Depot (NASDAQ:BTM) is expected to be releasing its earnings data before the market opens on Monday, April 21st. Analysts expect Bitcoin Depot to post earnings of $0.03 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Bitcoin Depot (NASDAQ:BTM) last released its earnings results 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). The firm had revenue of $136.83 million during the quarter, compared to analyst estimates of $131.50 million. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%.

Bitcoin Depot Price Performance

Bitcoin Depot stock opened at $1.41 on Friday. The company’s 50 day moving average is $1.32 and its two-hundred day moving average is $1.57. The firm has a market cap of $90.15 million, a PE ratio of -1.52 and a beta of -0.26. 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 52-week low of $0.93 and a 52-week high of $3.52.

Insider Buying and Selling

In related news, COO Christopher Scott Buchanan sold 20,476 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total transaction of $27,233.08. Following the completion of the sale, the chief operating officer now owns 169,276 shares in the company, valued at $225,137.08. The trade was a 10.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 55,000 shares of company stock worth $77,348. Corporate insiders own 70.23% of the company’s stock.

Analysts Set New Price Targets

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

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.