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 per share estimates for Bitcoin Depot in a report released on Monday, March 25th. Northland Capmk analyst M. Grondahl expects 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.

Several other research analysts have also recently issued reports on BTM. Northland Securities started coverage on Bitcoin Depot in a report on Wednesday, December 20th. They issued a “market perform” rating and a $3.50 price target on the stock. B. Riley dropped their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, HC Wainwright dropped their price target on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday.

Bitcoin Depot Trading Down 12.4 %

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

Insider Buying and Selling at Bitcoin Depot

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 14,512 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total transaction of $35,989.76. Following the sale, the chief operating officer now directly owns 338,741 shares of the company’s stock, valued at approximately $840,077.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 20.09% of the company’s stock.

Institutional Investors Weigh In On Bitcoin Depot

Large investors have recently bought and sold shares of the business. Cowen AND Company LLC bought a new stake in Bitcoin Depot during the third quarter valued at about $35,000. Wellington Management Group LLP acquired a new position in shares of Bitcoin Depot during the fourth quarter valued at about $35,000. Vanguard Group Inc. acquired a new position in shares of Bitcoin Depot during the third quarter valued at about $45,000. Northern Trust Corp acquired a new position in shares of Bitcoin Depot during the fourth quarter valued at about $61,000. Finally, Owl Creek Asset Management L.P. acquired a new position in shares of Bitcoin Depot during the fourth quarter valued at about $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.