How to Buy Bitcoin Depot Stock
Bitcoin Depot Inc
Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America.
Bitcoin Depot stock last closed at $1.80, up 0% from the previous day, and has decreased 82.61% in one year. It has underperformed other stocks in the Capital Markets industry by 1.04 percentage points. Bitcoin Depot stock is currently +32.55% from its 52-week low of $1.36, and -83.42% from its 52-week high of $10.86.
As of Apr 26, 2024, there are 59.61M shares of BTM outstanding. The market value of BTM is $107.31M. In the past 24 hours, 57,798 BTM shares were traded.
How to Buy Bitcoin Depot Stock
Wondering how to invest in Bitcoin Depot stock? Here's how.
- Figure out where to buy Bitcoin Depot stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Bitcoin Depot stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your details.
- Evaluate Bitcoin Depot stock: The Bitcoin Depot ticker symbol is BTM. Is Bitcoin Depot stock a good investment? Should you buy shares of BTM? How do BTM's underlying business fundamentals look? Do top analysts think Bitcoin Depot is a good buy? Why has BTM's stock price moved recently? (Hint: Our stock market research website can help you understand if BTM is a good stock to buy).
- Execute your BTM buy order: Decide if you will purchase BTM shares at the current market price or use a limit order to buy BTM stock at a particular price.
- Monitor your BTM position: Create a watchlist to track your position in Bitcoin Depot shares.
Step 1: Figure out where to buy Bitcoin Depot stock
You need a brokerage account to access the NASDAQ market and buy BTM shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal information so you can invest in BTM stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start your new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on one of the best stock trading apps, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring money into your brokerage account.
Step 4: Evaluate Bitcoin Depot stock
After you have identified the best place to buy Bitcoin Depot stock, it's absolutely critical to research their stock prior to investing, so you can understand the risk and upside.
Bitcoin Depot shares data
BTM Fundamentals
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on BTM's stock page.
Is BTM stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge BTM's intrinsic value.
You can do additional valuation research on BTM's stock here.
How do BTM Financials look?
Passed Health Checks:
- BTM's operating cash flow of $41.10M allows it to safely service it's debt of $31.33M.
- There are more short-term assets than long-term liabilities on the BTM balance sheet.
Failed Health Checks:
- BTM debt to equity ratio of -4.3 is negative.
- BTM profit margin has gone down from 0% to -3.8% in the past year.
- Total BTM debt is still negative.
- BTM earnings of -$14.13M is not enough to cover its interest payments.
- There are more short-term liabilities than short-term assets on the BTM balance sheet.
Is it a good time to buy Bitcoin Depot stock, according to analysts?
Out of 3 Wall Street analysts who track BTM, the consensus analyst rating on Bitcoin Depot is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Bitcoin Depot stock forecast page.
BTM Technical Indicators
Is BTM Making Money?
Last year, BTM revenue was $688.97M. In the past 3 year, BTM's revenue has grown by 121.88% per year. This was faster than the Capital Markets industry average of 13.65%.
Dive into BTM's earnings and revenue performance here.
Latest Insiders Trades at BTM
Over the last 12 months, executives and large shareholders at BTM have sold more shares than they have bought.
Brandon Taylor Mintz, President Chief Executive Officer and Chairman of BTM, was the latest BTM insider to sell. They sold $4,999,998.72 worth of BTM stock on Apr 24, 2024.
Get more info about who owns BTM stock here.
Does BTM stock generate passive income?
No, Bitcoin Depot doesn't provide an income stream by paying out dividends.
What do other investors have to say about BTM?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your BTM buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Hit the Open button and eToro will place your order.
If you want more info about buying stocks on eToro, click the how to video below:
Step 6: Monitor your BTM position
Now that you own some shares in BTM, you'll want to keep up with your new investment.
Add BTM to a watchlist to keep track of your BTM stock.
BTM Feed
How to Buy Stock in Bitcoin Depot
To reiterate, here are the 6 steps to buy stock in Bitcoin Depot:
- Figure out where to buy Bitcoin Depot stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Evaluate Bitcoin Depot stock
- Execute your BTM buy order
- Monitor your BTM position
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your investment in Bitcoin Depot, click below.
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