In yesterday’s Wall Street session, Bitcoin Depot Inc (NASDAQ:BTM) shares traded at $2.51, down -6.34% from the previous session.
BTM stock price is now 58.62% away from the 50-day moving average and 35.94% away from the 200-day moving average. The market capitalization of the company currently stands at $151.08M.
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With the price target of $3.50, Northland Capital recently initiated with Market Perform rating for Bitcoin Depot Inc (NASDAQ: BTM).
In other news, Mintz Brandon Taylor, Chief Executive Officer sold 18,196 shares of the company’s stock on Nov 05 ’24. The stock was sold for $27,294 at an average price of $1.50. Upon completion of the transaction, the Chief Executive Officer now directly owns 379,248 shares in the company, valued at $0.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Chief Executive Officer Mintz Brandon Taylor sold 6,804 shares of the business’s stock. A total of $10,206 was realized by selling the stock at an average price of $1.50. This leaves the insider owning 397,444 shares of the company worth $1.0 million. A total of 72.14% of the company’s stock is owned by insiders.
During the past 12 months, Bitcoin Depot Inc has had a low of $1.33 and a high of $3.70. The fifty day moving average price for BTM is $1.5628 and a two-hundred day moving average price translates $1.84575 for the stock.
The latest earnings results from Bitcoin Depot Inc (NASDAQ: BTM) was released for 2024-06-30. The net profit margin was -3.10% and return on equity was -18.08% for BTM. The company reported revenue of $163.07 million for the quarter, compared to $197.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.42 percent.
