Following A 39.87% Weekly Incline, Is It Still A Buy For Bitcoin Depot Inc (NASDAQ: BTM)?

Bitcoin Depot Inc (NASDAQ:BTM)’s traded shares stood at 3.34 million during the last session, with the company’s beta value hitting 0.82. At the close of trading, the stock’s price was $6.28, to imply an increase of 3.12% or $0.19 in intraday trading. The BTM share’s 52-week high remains $6.22, putting it 0.96% up since that peak but still an impressive 85.19% since price per share fell to its 52-week low of $0.93.

Analysts have given a consensus recommendation of Buy for Bitcoin Depot Inc (BTM), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give BTM a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy.

Bitcoin Depot Inc (NASDAQ:BTM) trade information

After registering a 3.12% upside in the last session, Bitcoin Depot Inc (BTM) has traded red over the past five days. The 5-day price performance for the stock is 39.87%, and 285.28% over 30 days. With these gigs, the year-to-date price performance is 287.65%.

The extremes give us $5 and $5 for target low and target high price respectively. As such, BTM has been trading 20.38% off suggested target high and 20.38% from its likely low.

BTM Dividends

Bitcoin Depot Inc has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is SHAOLIN CAPITAL MANAGEMENT LLC with 0.7 million shares, or about 3.6002% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.26 million.

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