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Cryptocurrency News Articles
Bitcoin Depot (BTM) Rivals Beat BTM on 9 of 13 Factors
Jun 24, 2024 at 03:52 pm
Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services.
Bitcoin Depot (NASDAQ:BTM) is part of the “Nondepository credit institutions” industry, which includes 107 companies. We will compare Bitcoin Depot to its peers in the industry based on the strength of its profitability, institutional ownership, analyst recommendations, dividends, risk, earnings and valuation.
Volatility and Risk
Bitcoin Depot has a beta of -0.33, indicating that its stock price is 133% less volatile than the S&P 500. Comparatively, Bitcoin Depot’s peers have a beta of 5.27, which means their average stock price is 427% more volatile than the S&P 500.
Valuation & Earnings
The following table compares Bitcoin Depot and its peers’ gross revenue, earnings per share (EPS) and valuation.
Institutional and Insider Ownership
Bitcoin Depot has institutional ownership of 9.2%, compared to 33.2% for all “Nondepository credit institutions” companies. 20.1% of Bitcoin Depot shares are owned by insiders, compared to an average of 21.5% for companies in the industry. Strong institutional ownership is a sign that hedge funds, endowments and large money managers believe a stock will beat the market over the long term.
Profitability
The following table compares Bitcoin Depot and its peers’ net margins, return on equity and return on assets.
Analyst Recommendations
The following table shows a summary of current ratings and target prices for Bitcoin Depot and its peers, as reported by MarketBeat.com.
Bitcoin Depot has a consensus target price of $5.13, indicating a potential upside of 253.45%. In comparison, “Nondepository credit institutions” companies have an average consensus target price, indicating a potential upside of 10.42%. Given Bitcoin Depot’s stronger consensus rating and higher probable upside, analysts clearly favor Bitcoin Depot over its peers.
Summary
Bitcoin Depot rivals beat Bitcoin Depot on 9 of the 13 factors compared.
Bitcoin Depot Company Profile
(Get Free Report)
Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade. The company is headquartered in Atlanta, Georgia. Bitcoin Depot Inc. is a subsidiary of BT Assets, Inc.
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