Bitcoin Depot (BTM) Set to Announce Earnings on Tuesday

Bitcoin Depot (NASDAQ:BTM) will post its quarterly earnings results before the market opens on Tuesday, May 14th. Analysts expect Bitcoin Depot to post earnings of ($0.06) per share for the quarter.

Bitcoin Depot (NASDAQ:BTM) last issued its earnings results on Monday, April 15th. The company reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $148.41 million during the quarter. On average, analysts expect Bitcoin Depot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bitcoin Depot Stock Down 5.8 %

Shares of NASDAQ:BTM traded down $0.11 on Tuesday, hitting $1.78. The stock had a trading volume of 67,773 shares, compared to its average volume of 337,321. The firm’s 50 day moving average price is $2.09 and its 200-day moving average price is $2.30. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13. Bitcoin Depot has a twelve month low of $1.36 and a twelve month high of $10.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BTM shares. B. Riley decreased their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, March 26th. HC Wainwright cut their price target on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 26th.

Insiders Place Their Bets

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 14,512 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.48, for a total transaction of $35,989.76. Following the completion of 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Brandon Taylor Mintz sold 50,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $1.73, for a total value of $86,500.00. Following the completion of the sale, the insider now directly owns 696,702 shares of the company’s stock, valued at approximately $1,205,294.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Christopher Scott Buchanan sold 14,512 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $840,077.68. The disclosure for this sale can be found here. In the last three months, insiders sold 3,084,353 shares of company stock valued at $5,335,090. 20.09% of the stock is currently owned by insiders.

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.