Bitcoin Depot Inc (NASDAQ:BTM) price on current trading day, rose 3.91% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.86.
A look at the stock’s price movement, the close in the last trading session was $1.79, moving within a range at $1.77 and $1.9055. 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 9.41% over the past month.
Bitcoin Depot Inc’s market cap currently stands at around $112.33 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 129.75M 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 -12.57% 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 567.52M, representing a -17.63% 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 Hold 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 -8.22% and 8.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.97, while 7-day volatility ratio is 11.85% and 17.49% in the 30-day chart. Further, Bitcoin Depot Inc (BTM) has a beta value of -0.08, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $3.5, forecast between a low of $3.5 and high of $3.5. Looking at the price targets, the low is -88.17% off current price level while to achieve the yearly target high, price needs to move -88.17%. Nonetheless, investors will most likely welcome a -88.17% jump to $3.5 which is the analysts’ median price.
If we refocus on Bitcoin Depot Inc (NASDAQ:BTM), historical trading data shows that trading volumes averaged 0.73 over the past 10 days and 1.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 17.65 million shares.
The 71.22% of Bitcoin Depot Inc’s shares are in the hands of company insiders while institutional holders own 31.93% 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 -42.41% 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.
