In a report released today, Michael Kupinski from Noble Financial maintained a Buy rating on Bitcoin Depot (BTM – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $2.22.
According to TipRanks, Kupinski is a 5-star analyst with an average return of 14.0% and a 39.80% success rate. Kupinski covers the Communication Services sector, focusing on stocks such as Salem Communications, Cumulus Media, and E. W. Scripps Company Class A.
Bitcoin Depot has an analyst consensus of Moderate Buy, with a price target consensus of $4.83, an 117.57% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $4.00 price target.
BTM market cap is currently $156.6M and has a P/E ratio of -8.25.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BTM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Bitcoin Depot (BTM) Company Description:
GSR II Meteora Acquisition Corp is a blank check company.
Read More on BTM:
- Bitcoin Depot Expands into Puerto Rico with Nearly 100 BTM Locations Signed
- Bitcoin Depot sees Q1 revenue $137M-$138M, consensus $167.74M
- Bitcoin Depot reports Q4 revenue $148.4M, consensus $161.5M.
- BTM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Bitcoin Depot price target lowered to $5 from $6 at H.C. Wainwright
