Streetbeat News

BTM

Bitcoin Depot Inc.

https://www.bitcoindepot.com

Industry

Financial - Capital Markets

Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade. The company was founded in 2016 and is headquartered in Atlanta, Georgia. Bitcoin Depot Inc. is a subsidiary of BT Assets, Inc.

Open

2.48

Mkt cap

36M

Volume

3.3M

High

2.48

P/E Ratio

-1.75

52-wk high

3.70

Low

1.93

Div yield

N/A

52-wk low

1.33

Bitcoin Depot reported Q1 sales of $138.539M, surpassing the analyst consensus estimate of $136.377M by 1.59%.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:31 pm

In Wednesday's pre-market session, several industrials stocks showed significant movement. iSun, Innodata, and Zeo Energy were among the top gainers, with iSun leading at a 68.0% increase. On the losing side, Cadre Holdings, LegalZoom.com, and Graphex Group saw notable declines, with Cadre Holdings dropping by 21.4%. Earnings reports released yesterday influenced many of these movements, impacting companies like Innodata, Cadre Holdings, LegalZoom.com, Shoals Technologies Group, and Uber Technologies.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 12:06 pm

In Tuesday's after-market session, several industrials stocks showed notable movements. Gainers included Bitcoin Depot, FiscalNote Holdings, Hydrofarm Holdings Group, Amprius Technologies, Innodata, and TOMI Environmental Solutions with increases ranging from 3.6% to 6.9%. Losers were led by LegalZoom.com, Shoals Technologies Group, Graphex Group, Lichen China, Mercury Systems, and Polar Power, with declines between 4.99% and 13.5%. Key factors influencing these movements were the release of quarterly earnings reports for Innodata, LegalZoom.com, Shoals Technologies Group, and Mercury Systems.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 8:31 pm

Insiders at Alphabet, Goldman Sachs, Bitcoin Depot, and PG&E have recently sold shares, indicating potential concerns or strategic financial moves. Notable sales include Alphabet's CEO Sundar Pichai and Goldman Sachs' Director David A Viniar. These transactions occur alongside various company developments, such as strategic investments and potential deals to sell assets.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 12:39 pm

Bitcoin Depot announced a strategic investment from Sopris Capital, with the purchase of 2.906 million Class A common shares, making Sopris one of its largest independent shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:06 pm

Bitcoin Depot (NASDAQ:BTM), a leading U.S.-based Bitcoin ATM operator, announced its expansion into Australia with plans to ship 125 Bitcoin ATMs to major cities in Q2 2024. This move follows its recent expansion into Puerto Rico and marks a significant step in its international growth strategy. The company aims to tap into Australia's growing demand for Bitcoin services, leveraging the country's population of 27 million and the current gap in the Bitcoin ATM market. Bitcoin Depot, which went public in 2023 and has been recognized by Forbes and Deloitte, now operates the largest fleet of Bitcoin ATMs in North America and sees this expansion as an opportunity to further its global presence.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:17 pm

In Wednesday's after-market session, several industrials stocks saw significant movements. Safe & Green Holdings, Nuvve Holding, Bitcoin Depot, Tritium DCFC, iSun, and Advent Technologies Holdings were among the gainers, with increases ranging from 2.21% to 10.3%. On the losing side, MillerKnoll, Urban-gro, Aqua Metals, Simpple, Velo3D, and Vertical Aerospace experienced declines between 4.28% and 14.9%. Notably, earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

B. Riley Securities analyst Harold Goetsch has maintained a Buy rating on Bitcoin Depot (NASDAQ:BTM) but lowered the price target from $6 to $4.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:34 pm

HC Wainwright & Co. analyst Mike Colonnese maintains a Buy rating on Bitcoin Depot (NASDAQ:BTM), but lowers the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:19 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.