Bitcoin Depot (BTM) to Release Quarterly Earnings on Monday

Bitcoin Depot (NASDAQ:BTM) will likely be announcing its earnings results before the market opens on Monday, April 21st. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Bitcoin Depot (NASDAQ:BTM) last issued 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). Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%. The firm had revenue of $136.83 million during the quarter, compared to analysts’ expectations of $131.50 million.

Bitcoin Depot Price Performance

BTM stock opened at $1.41 on Friday. The company has a market cap of $90.15 million, a PE ratio of -1.52 and a beta of -0.26. 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 stock has a 50-day moving average price of $1.32 and a two-hundred day moving average price of $1.57. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.52.

Analysts Set New Price Targets

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

Insider Transactions at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 20,476 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $1.33, for a total transaction of $27,233.08. Following the completion of the transaction, the chief operating officer now owns 169,276 shares in the company, valued at approximately $225,137.08. This represents a 10.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 55,000 shares of company stock worth $77,348. 70.23% of the stock is currently owned by company insiders.

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.