In the last trading session, 1.48 million shares of the Bitcoin Depot Inc (NASDAQ:BTM) were traded, and its beta was -0.24. Most recently the company’s share price was $1.93, and it changed around -$0.07 or -3.50% from the last close, which brings the market valuation of the company to $95.93M. BTM currently trades at a discount to its 52-week high of $3.70, offering almost -91.71% off that amount. The share price’s 52-week low was $1.33, which indicates that the current value has risen by an impressive 31.09% since then. We note from Bitcoin Depot Inc’s average daily trading volume that its 10-day average is 5.13 million shares, with the 3-month average coming to 857.23K.
Bitcoin Depot Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended BTM as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Bitcoin Depot Inc is expected to report earnings per share of -0.01 for the current quarter.
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Bitcoin Depot Inc (NASDAQ:BTM) trade information
Instantly BTM has showed a red trend with a performance of -3.50% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.29 on recent trading dayincreased the stock’s daily price by 41.34%. The company’s shares are currently down -40.25% year-to-date, but still down -27.99% over the last five days. On the other hand, Bitcoin Depot Inc (NASDAQ:BTM) is 23.72% up in the 30-day period. We can see from the shorts that 0.29 million shares have been sold at a short interest cover period of 3.33 day(s).
The consensus price target as assigned by Wall Street analysts is $3.75, which translates to bulls needing to increase their stock price by 48.53% from its current value. Analyst projections state that BTM is forecast to be at a low of $3.5 and a high of $4.
Bitcoin Depot Inc (BTM) estimates and forecasts
Bitcoin Depot Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 2.12 percent over the past six months and at a 96.18% annual growth rate that is well above the industry average of 9.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 96.46% in revenue this quarter, and will report an increase of 88.00% in the next quarter. The year-over-year growth rate is expected to be -17.63%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 129.75M in revenue for the current quarter. 2 analysts expect Bitcoin Depot Inc to make 135.66M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 148.41M and 138.54M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.57%. Forecasts for the next quarter put sales growth at -2.08%.
BTM Dividends
Bitcoin Depot Inc’s next quarterly earnings report is expected to be released in December.
