Additionally, the 36-month beta value for BTM is -0.31. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BTM is 3.80M and currently, short sellers hold a 11.50% ratio of that float. The average trading volume of BTM on May 01, 2024 was 246.81K shares.
BTM) stock’s latest price update
Bitcoin Depot Inc (NASDAQ: BTM) has experienced a rise in its stock price by 8.29 compared to its previous closing price of 1.81. However, the company has seen a gain of 3.16% in its stock price over the last five trading days. MarketBeat reported 2024-03-28 that Bitcoin (CRYPTOCURRENCY: BTC) is trading at all-time highs, consolidating, and forming a bullish flag that should lead stocks like Bitcoin Depot NASDAQ: BTM higher. The compounded effect of widening acceptance and the upcoming halvening drives the move in Bitcoin, and even more significant gains are ahead.
BTM’s Market Performance
Bitcoin Depot Inc (BTM) has seen a 3.16% rise in stock performance for the week, with a 14.62% gain in the past month and a -11.31% plunge in the past quarter. The volatility ratio for the week is 8.35%, and the volatility levels for the past 30 days are at 9.73% for BTM. The simple moving average for the past 20 days is 10.64% for BTM’s stock, with a -23.72% 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 -8.45% 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 -81.94% of loss for the given period.
Volatility was left at 9.73%, however, over the last 30 days, the volatility rate increased by 8.35%, as shares surge +18.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.01% lower at present.
During the last 5 trading sessions, BTM rose by +3.16%, which changed the moving average for the period of 200-days by -42.52% in comparison to the 20-day moving average, which settled at $1.7865. In addition, Bitcoin Depot Inc saw -39.32% 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 Mintz Brandon Taylor, who sale 2,906,976 shares at the price of $1.72 back on Apr 24 ’24. After this action, Mintz Brandon Taylor now owns 0 shares of Bitcoin Depot Inc, valued at $4,999,999 using the latest closing price.
Mintz Brandon Taylor, the of Bitcoin Depot Inc, sale 50,000 shares at $1.73 during a trade that took place back on Apr 01 ’24, which means that Mintz Brandon Taylor is holding 696,702 shares at $86,325 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
- 0.15 for the gross margin
The net margin for Bitcoin Depot Inc stands at -0.03. The total capital return value is set at 0.94. Equity return is now at value -16.84, with -12.77 for asset returns.
Based on Bitcoin Depot Inc (BTM), the company’s capital structure generated 2.02 points at debt to capital in total, while cash flow to debt ratio is standing at -995.34. The debt to equity ratio resting at -1.98. The interest coverage ratio of the stock is 2.37.
Currently, EBITDA for the company is 26.52 million with net debt to EBITDA at 0.06. 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 2812.11for trailing twelve months and the total asset turnover is 8.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In conclusion, Bitcoin Depot Inc (BTM) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
