In the latest trading session, 8.36 million Bitcoin Depot Inc (NASDAQ:BTM) shares changed hands as the company’s beta touched 0.14. With the company’s most recent per share price at $2.76 changing hands around $0.08 or 2.99% at last look, the market valuation stands at $166.13M. BTM’s current price is a discount, trading about -34.06% off its 52-week high of $3.70. The share price had its 52-week low at $1.33, which suggests the last value was 51.81% up since then. When we look at Bitcoin Depot Inc’s average trading volume, we note the 10-day average is 2.29 million shares, with the 3-month average coming to 414.22K.
Analysts gave the Bitcoin Depot Inc (BTM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BTM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Bitcoin Depot Inc’s EPS for the current quarter is expected to be 0.0.
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Bitcoin Depot Inc (NASDAQ:BTM) trade information
Instantly BTM is in green as seen in intraday trades today. With action 82.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -14.55%, with the 5-day performance at 82.78% in the green. However, in the 30-day time frame, Bitcoin Depot Inc (NASDAQ:BTM) is 81.58% up. Looking at the short shares, we see there were 0.29 million shares sold at short interest cover period of 4.98 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need an upside of 26.4% from its recent market value. According to analyst projections, BTM’s forecast low is 3.5 with 4 as the target high. To hit the forecast high, the stock’s price needs a -44.93% plunge from its current level, while the stock would need to soar -26.81% for it to hit the projected low.
Bitcoin Depot Inc (BTM) estimates and forecasts
Data shows that the Bitcoin Depot Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 48.39% over the past 6 months, a 94.27% in annual growth rate that is considerably higher than the industry average of 9.80%. Year-over-year growth is forecast to reach -16.60% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 135.81M. 4 analysts are of the opinion that Bitcoin Depot Inc’s revenue for the current quarter will be 136.96M. The company’s revenue for the corresponding quarters a year ago was 179.48M and 148.41M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -24.30%. The estimates for the next quarter sales put growth at -7.70%. The 2024 estimates are for Bitcoin Depot Inc earnings to increase by 100.93%.
