In the latest trading session, 0.64 million Bitcoin Depot Inc (NASDAQ:BTM) shares changed hands as the company’s beta touched -0.13. With the company’s most recent per share price at $1.60 changing hands around $0.21 or 15.10% at last look, the market valuation stands at $96.62M. BTM’s current price is a discount, trading about -120.0% off its 52-week high of $3.52. The share price had its 52-week low at $0.93, which suggests the last value was 41.88% up since then. When we look at Bitcoin Depot Inc’s average trading volume, we note the 10-day average is 0.29 million shares, with the 3-month average coming to 339.32K.
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.
Bitcoin Depot Inc (NASDAQ:BTM) trade information
Instantly BTM is in green as seen in intraday trades today. With action 21.20%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -1.24%, with the 5-day performance at 21.20% in the green. However, in the 30-day time frame, Bitcoin Depot Inc (NASDAQ:BTM) is 11.10% up. Looking at the short shares, we see there were 0.72 million shares sold at short interest cover period of 2.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need an upside of 57.33% 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 -150.0% plunge from its current level, while the stock would need to soar -118.75% for it to hit the projected low.
Bitcoin Depot Inc (BTM) estimates and forecasts
Year-over-year growth is forecast to reach 5.37% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 133.87M. 3 analysts are of the opinion that Bitcoin Depot Inc’s revenue for the current quarter will be 168.47M. The company’s revenue for the corresponding quarters a year ago was 138.54M and 163.07M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.37%. The estimates for the next quarter sales put growth at 3.31%.
Bitcoin Depot Inc (NASDAQ:BTM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.89% of Bitcoin Depot Inc shares while 31.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 42.26%. There are 31.74% institutions holding the Bitcoin Depot Inc stock share, with AWM INVESTMENT COMPANY, INC. the top institutional holder. As of 2024-06-30, the company held 4.822% of the shares, roughly 0.94 million BTM shares worth $1.69 million.
SHAOLIN CAPITAL MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 3.6002% or 0.7 million shares worth $1.26 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Brinker Capital Destinations Tr-Destinations Gllb Fixed Income Opp Fd. With 355.82 shares estimated at $0.57 million under it, the former controlled 1.96% of total outstanding shares. On the other hand, Brinker Capital Destinations Tr-Destinations Gllb Fixed Income Opp Fd held about 0.74% of the shares, roughly 134.5 shares worth around $0.21 million.
