Bitcoin Depot Inc (NASDAQ:BTM) price on Thursday, May 22, rose 16.23% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.51.
A look at the stock’s price movement, the close in the last trading session was $3.02. Turning to its 52-week performance, $3.52 and $0.93 were the 52-week high and 52-week low respectively. Overall, BTM moved 148.94% over the past month.
Bitcoin Depot Inc’s market cap currently stands at around $225.73 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 168.01M for the company’s revenue for the quarter, with a low and high estimate of 167M and 169.25M respectively. The average forecast suggests up to a 3.03% 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 623.36M, representing a 8.66% jump 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 100% 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 80.00% and 119.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 87.04, while 7-day volatility ratio is 7.80% and 8.74% in the 30-day chart. Further, Bitcoin Depot Inc (BTM) has a beta value of 0.24, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -42.45% off current price level while to achieve the yearly target high, price needs to move -42.45%. Nonetheless, investors will most likely welcome a -42.45% jump to $5 which is the analysts’ median price.
If we refocus on Bitcoin Depot Inc (NASDAQ:BTM), historical trading data shows that trading volumes averaged 587.18K over the past 3 months. The company’s latest data on shares outstanding shows there are 22.56 million shares.
The 19.09% of Bitcoin Depot Inc’s shares are in the hands of company insiders while institutional holders own 64.11% of the company’s shares. Current price change has pushed the stock 116.67% 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.
