Bitcoin Depot (NASDAQ:BTM) Posts Earnings Results, Misses Expectations By $0.25 EPS

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

Bitcoin Depot Stock Up 7.4 %

Shares of BTM opened at $1.59 on Wednesday. The stock has a fifty day simple moving average of $1.43 and a two-hundred day simple moving average of $1.60. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. The company has a market capitalization of $96.02 million, a PE ratio of -1.71 and a beta of 0.10. Bitcoin Depot has a 52-week low of $0.93 and a 52-week high of $3.52.

Analysts Set New Price Targets

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

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.