Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) COO Christopher Scott Buchanan sold 10,000 shares of Bitcoin Depot stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $1.51, for a total transaction of $15,100.00. Following the transaction, the chief operating officer now directly owns 231,276 shares in the company, valued at approximately $349,226.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Christopher Scott Buchanan also recently made the following trade(s):
- On Tuesday, September 3rd, Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.56, for a total transaction of $31,200.00.
- On Friday, August 2nd, Christopher Scott Buchanan sold 10,229 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.60, for a total transaction of $16,366.40.
- On Friday, July 5th, Christopher Scott Buchanan sold 4,103 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.68, for a total transaction of $6,893.04.
Bitcoin Depot Trading Down 2.0 %
NASDAQ:BTM opened at $1.47 on Friday. The stock has a market cap of $87.63 million, a price-to-earnings ratio of -0.79 and a beta of -0.34. The company's 50 day moving average price is $1.61 and its 200-day moving average price is $1.77. Bitcoin Depot Inc. has a 52 week low of $1.33 and a 52 week high of $3.70. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 9.33.
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Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Bitcoin Depot had a negative net margin of 3.10% and a negative return on equity of 307.37%. The company had revenue of $163.07 million for the quarter, compared to the consensus estimate of $148.49 million. On average, equities research analysts forecast that Bitcoin Depot Inc. will post -0.09 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright lowered their price target on shares of Bitcoin Depot from $4.00 to $3.50 and set a "buy" rating for the company in a research note on Thursday, August 15th.
View Our Latest Stock Report on BTM
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Owl Creek Asset Management L.P. bought a new position in Bitcoin Depot in the fourth quarter worth approximately $68,000. Renaissance Technologies LLC increased its stake in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company's stock worth $85,000 after purchasing an additional 26,000 shares in the last quarter. Shaolin Capital Management LLC increased its stake in shares of Bitcoin Depot by 7.6% in the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company's stock worth $1,326,000 after purchasing an additional 49,600 shares in the last quarter. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of Bitcoin Depot in the first quarter worth $60,000. 9.18% of the stock is currently owned by institutional investors.
About Bitcoin Depot
(
Get Free Report)
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.
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