During the last session, Bitcoin Depot Inc (NASDAQ:BTM)’s traded shares were 0.62 million, with the beta value of the company hitting -0.20. At the end of the trading day, the stock’s price was $1.99, reflecting an intraday gain of 5.85% or $0.11. The 52-week high for the BTM share is $3.70, that puts it down -85.93 from that peak though still a striking 33.17% gain since the share price plummeted to a 52-week low of $1.33. The company’s market capitalization is $120.17M, and the average intraday trading volume over the past 10 days was 5.5 million shares, and the average trade volume was 924.18K shares over the past three months.
Bitcoin Depot Inc (BTM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. BTM has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.01.
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Bitcoin Depot Inc (NASDAQ:BTM) trade information
Bitcoin Depot Inc (BTM) registered a 5.85% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.85% in intraday trading to $1.99, hitting a weekly high. The stock’s 5-day price performance is -0.50%, and it has moved by 35.37% in 30 days. Based on these gigs, the overall price performance for the year is -9.95%. The short interest in Bitcoin Depot Inc (NASDAQ:BTM) is 0.29 million shares and it means that shorts have 3.33 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.75, which implies an increase of 46.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $4 respectively. As a result, BTM is trading at a discount of -101.01% off the target high and -75.88% off the low.
Bitcoin Depot Inc (BTM) estimates and forecasts
Statistics show that Bitcoin Depot Inc has outperformed its competitors in share price, compared to the industry in which it operates. Bitcoin Depot Inc (BTM) shares have gone down -2.45% during the last six months, with a year-to-date growth rate more than the industry average at 92.99% against 8.60. In the rating firms’ projections, revenue will decrease -17.63% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 129.75M as predicted by 4 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 135.66M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 148.41M and 138.54M respectively. In this case, analysts expect current quarter sales to shrink by -12.57% and then drop by -2.08% in the coming quarter.
While earnings are projected to return 112.96% in 2024.
BTM Dividends
Bitcoin Depot Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Also, the Mutual Funds coming in first place with the largest holdings of Bitcoin Depot Inc (BTM) shares are Vanguard Total Stock Market Index Fund and RiverPark Fds Tr-RiverPark Strategic Income Fd . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 291.57 shares. This amounts to just over 1.61 percent of the company’s overall shares, with a $0.58 million market value. The same data shows that the other fund manager holds slightly less at 249.98, or about 1.38% of the stock, which is worth about $0.5 million.
