Bitcoin Depot (NASDAQ:BTM) Releases Earnings Results, Misses Estimates By $0.25 EPS

Bitcoin Depot (NASDAQ:BTM) issued its earnings results on Monday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.25), Zacks reports. The firm had revenue of $136.83 million during the quarter, compared to the consensus estimate of $131.50 million. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%.

Bitcoin Depot Stock Performance

Shares of BTM opened at $1.59 on Wednesday. The stock’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $1.60. Bitcoin Depot has a 52-week low of $0.93 and a 52-week high of $3.52. The stock has a market capitalization of $96.02 million, a price-to-earnings ratio of -1.71 and a beta of 0.10. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $4.70 price target (up previously from $4.50) on shares of Bitcoin Depot in a research report on Wednesday, March 19th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Bitcoin Depot in a research report on Tuesday, March 18th.

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.