The stock has a 36-month beta value of -0.28. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BTM is 3.91M, and at present, short sellers hold a 9.64% of that float. On March 28, 2024, the average trading volume of BTM was 477.18K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
BTM) stock’s latest price update
Bitcoin Depot Inc (NASDAQ: BTM) has experienced a decline in its stock price by -12.39 compared to its previous closing price of 2.18. However, the company has seen a fall of -24.51% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-11 that ATLANTA, March 11, 2024 (GLOBE NEWSWIRE) — Bitcoin Depot Inc. (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, will hold a conference call and live audio webcast on Monday, March 25th at 11:00 a.m. Eastern time (8:00 a.m. Pacific Time) to discuss its financial results for the fourth quarter ended December 31, 2023. Bitcoin Depot plans to release results before the market open on the same day.
BTM’s Market Performance
BTM’s stock has fallen by -24.51% in the past week, with a monthly drop of -26.54% and a quarterly drop of -17.67%. The volatility ratio for the week is 8.80% while the volatility levels for the last 30 days are 8.07% for Bitcoin Depot Inc The simple moving average for the past 20 days is -22.72% for BTM’s stock, with a -38.29% simple moving average for the past 200 days.
Analysts’ Opinion of BTM
Many brokerage firms have already submitted their reports for BTM stocks, with Northland Capital repeating the rating for BTM by listing it as a “Market Perform.” The predicted price for BTM in the upcoming period, according to Northland Capital is $3.50 based on the research report published on December 20, 2023 of the previous year 2023.
BTM Trading at -18.89% from the 50-Day Moving Average
After a stumble in the market that brought BTM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.87% of loss for the given period.
Volatility was left at 8.07%, however, over the last 30 days, the volatility rate increased by 8.80%, as shares sank -23.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.61% lower at present.
During the last 5 trading sessions, BTM fell by -24.51%, which changed the moving average for the period of 200-days by -81.55% in comparison to the 20-day moving average, which settled at $2.44. In addition, Bitcoin Depot Inc saw -40.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BTM starting from Buchanan Christopher Scott, who sale 15,488 shares at the price of $2.59 back on Mar 21 ’24. After this action, Buchanan Christopher Scott now owns 323,253 shares of Bitcoin Depot Inc, valued at $40,112 using the latest closing price.
Buchanan Christopher Scott, the CHIEF OPERATING OFFICER of Bitcoin Depot Inc, sale 14,512 shares at $2.48 during a trade that took place back on Mar 20 ’24, which means that Buchanan Christopher Scott is holding 338,741 shares at $36,006 based on the most recent closing price.
Stock Fundamentals for BTM
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.14 for the gross margin
The net margin for Bitcoin Depot Inc stands at -0.01. The total capital return value is set at 1.04. Equity return is now at value -10.41, with -7.97 for asset returns.
Based on Bitcoin Depot Inc (BTM), the company’s capital structure generated 1.67 points at debt to capital in total, while cash flow to debt ratio is standing at -904.94. The debt to equity ratio resting at -2.49. The interest coverage ratio of the stock is 2.17.
Currently, EBITDA for the company is 35.42 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.04. The receivables turnover for the company is 2078.99for trailing twelve months and the total asset turnover is 8.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
To sum up, Bitcoin Depot Inc (BTM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
