Bitcoin Depot Inc (NASDAQ:BTM) price on Thursday, November 14, fall -2.02% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.43.
A look at the stock’s price movement, the close in the last trading session was $2.48, moving within a range at $2.43 and $2.86. The beta value (5-Year monthly) was -0.333. Turning to its 52-week performance, $3.70 and $1.33 were the 52-week high and 52-week low respectively. Overall, BTM moved 58.82% over the past month.
Bitcoin Depot Inc’s market cap currently stands at around $146.26 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 134.3M for the company’s revenue for the quarter, with a low and high estimate of 125.01M and 140.4M respectively. The average forecast suggests down to a -9.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 568.15M, representing a -17.54% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BTM is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend BTM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BTM’s current price about 40.34% and 50.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.18, while 7-day volatility ratio is 36.61% and 12.67% in the 30-day chart. Further, Bitcoin Depot Inc (BTM) has a beta value of 0.04, and an average true range (ATR) of 0.31. Analysts have given the company’s stock an average 52-week price target of $3.75, forecast between a low of $3.5 and high of $4. Looking at the price targets, the low is -44.03% off current price level while to achieve the yearly target high, price needs to move -64.61%. Nonetheless, investors will most likely welcome a -54.32% jump to $3.75 which is the analysts’ median price.
If we refocus on Bitcoin Depot Inc (NASDAQ:BTM), historical trading data shows that trading volumes averaged 4.35 over the past 10 days and 738.04K over the past 3 months. The company’s latest data on shares outstanding shows there are 13.48 million shares.
The 72.14% of Bitcoin Depot Inc’s shares are in the hands of company insiders while institutional holders own 29.65% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.29 million on 2024-10-31, giving us a short ratio of 3.33. The data shows that as of 2024-10-31 short interest in Bitcoin Depot Inc (BTM) stood at 270.0 of shares outstanding, with shares short rising to 0.28 million registered in 2024-09-30. Current price change has pushed the stock -24.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTM stock continues to rise going into the next quarter.
