B. Riley Has Positive Forecast for Bitcoin Depot Q4 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Equities research analysts at B. Riley lifted their Q4 2024 EPS estimates for shares of Bitcoin Depot in a research note issued on Wednesday, January 22nd. B. Riley analyst H. Goetsch now expects 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 report on Thursday, October 17th.

Bitcoin Depot Price Performance

NASDAQ:BTM opened at $1.71 on Thursday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. Bitcoin Depot has a 12 month low of $1.33 and a 12 month high of $3.52. The company’s 50-day moving average price is $1.79 and its two-hundred day moving average price is $1.68.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BTM. Renaissance Technologies LLC grew its position 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 buying an additional 26,000 shares during the period. Walleye Capital LLC grew its holdings in Bitcoin Depot by 110.1% during the 3rd 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 period. Finally, 272 Capital LP acquired a new stake in Bitcoin Depot during the 3rd quarter worth $401,000. Institutional investors 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.