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

Bitcoin Depot (NASDAQ:BTM) posted 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 business had revenue of $136.83 million for the quarter, compared to analyst estimates 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 Stock Performance

Shares of BTM stock opened at $1.59 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.52. The business’s 50 day moving average is $1.43 and its two-hundred day moving average is $1.60. The company has a market capitalization of $96.02 million, a P/E ratio of -1.71 and a beta of 0.10.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BTM shares. HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Bitcoin Depot in a research note on Tuesday, March 18th. B. Riley reissued a “buy” rating and issued a $4.70 price target (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.