Bitcoin Depot (NASDAQ:BTM) Announces Earnings Results

Bitcoin Depot (NASDAQ:BTM) announced its quarterly earnings data on Monday. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.25), Zacks reports. The business had revenue of $136.83 million during the quarter, compared to analysts’ expectations 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

BTM traded down $0.01 during trading hours on Wednesday, hitting $1.58. The company’s stock had a trading volume of 20,143 shares, compared to its average volume of 428,406. Bitcoin Depot has a 12 month low of $0.93 and a 12 month high of $3.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The business’s 50-day moving average price is $1.43 and its 200-day moving average price is $1.60. The stock has a market cap of $95.42 million, a price-to-earnings ratio of -1.70 and a beta of 0.10.

Analyst Upgrades and Downgrades

BTM has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Bitcoin Depot in a report on Tuesday, March 18th. B. Riley reaffirmed a “buy” rating and issued a $4.70 target price (up from $4.50) on shares of Bitcoin Depot in a report on Wednesday, March 19th.

About Bitcoin Depot

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.