The 36-month beta value for BTM is at -0.36. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BTM is 5.74M, and currently, shorts hold a 7.61% of that float. The average trading volume for BTM on May 08, 2024 was 246.28K shares.
BTM) stock’s latest price update
Bitcoin Depot Inc (NASDAQ: BTM)’s stock price has dropped by -8.47 in relation to previous closing price of 1.89. Nevertheless, the company has seen a loss of -11.73% in its stock price over the last five trading days. GlobeNewsWire reported 2024-05-06 that ATLANTA, May 06, 2024 (GLOBE NEWSWIRE) — Bitcoin Depot (“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 Tuesday, May 14th at 10:00 a.m. Eastern time (7:00 a.m. Pacific Time) to discuss its financial results for the first quarter ended March 31, 2024. Bitcoin Depot plans to release results before the market open on the same day.
BTM’s Market Performance
Bitcoin Depot Inc (BTM) has experienced a -11.73% fall in stock performance for the past week, with a -4.95% drop in the past month, and a -15.20% drop in the past quarter. The volatility ratio for the week is 6.75%, and the volatility levels for the past 30 days are at 9.76% for BTM. The simple moving average for the past 20 days is -5.15% for BTM’s stock, with a -31.83% 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 -17.80% 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 -84.05% of loss for the given period.
Volatility was left at 9.76%, however, over the last 30 days, the volatility rate increased by 6.75%, as shares sank -2.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.24% lower at present.
During the last 5 trading sessions, BTM fell by -11.73%, which changed the moving average for the period of 200-days by -52.21% in comparison to the 20-day moving average, which settled at $1.8215. In addition, Bitcoin Depot Inc saw -46.44% 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 50,000 shares at the price of $1.75 back on Apr 29 ’24. After this action, Buchanan Christopher Scott now owns 351,276 shares of Bitcoin Depot Inc, valued at $87,655 using the latest closing price.
Mintz Brandon Taylor, the of Bitcoin Depot Inc, sale 2,906,976 shares at $1.72 during a trade that took place back on Apr 24 ’24, which means that Mintz Brandon Taylor is holding 0 shares at $4,999,999 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 had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
