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Bitcoin Depot Inc (BTM) gets rating Initiated from Northland Capital

Bitcoin Depot Inc’s recently made public that its Chief Executive Officer Mintz Brandon Taylor unloaded Company’s shares for reported $27294.0 on Nov 05 ’24. In the deal valued at $1.50 per share,18,196 shares were sold. As a result of this transaction, Mintz Brandon Taylor now holds 379,248 shares worth roughly $0.95 million.

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Then, Mintz Brandon Taylor sold 6,804 shares, generating $10,206 in total proceeds. Upon selling the shares at $1.50, the Chief Executive Officer now owns 397,444 shares.

Before that, Buchanan Christopher Scott sold 10,000 shares. Bitcoin Depot Inc shares valued at $15,133 were divested by the Chief Operating Officer at a price of $1.51 per share. As a result of the transaction, Buchanan Christopher Scott now holds 231,276 shares, worth roughly $0.58 million.

Northland Capital initiated its Bitcoin Depot Inc [BTM] rating to a Market perform in a research note published on December 20, 2023; the price target was $3.50.

Price Performance Review of BTM

On Tuesday, Bitcoin Depot Inc [NASDAQ:BTM] saw its stock fall -6.34% to $2.51. Over the last five days, the stock has gained 66.23%. Bitcoin Depot Inc shares have fallen nearly -22.29% since the year began. Nevertheless, the stocks have fallen -3.09% over the past one year. While a 52-week high of $3.70 was reached on 11/11/24, a 52-week low of $1.33 was recorded on 08/05/24. SMA at 50 days reached $1.58, while 200 days put it at $1.85.

Levels Of Support And Resistance For BTM Stock

The 24-hour chart illustrates a support level at 2.14, which if violated will result in even more drops to 1.76. On the upside, there is a resistance level at 3.09. A further resistance level may holdings at 3.66. The Relative Strength Index (RSI) on the 14-day chart is 78.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.87%. Stochastics %K at 68.87% indicates the stock is a holding.

How much short interest is there in Bitcoin Depot Inc?

A steep rise in short interest was recorded in Bitcoin Depot Inc stocks on 2024-10-31, growing by 13542.0 shares to a total of 0.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.28 million shares. There was a rise of 4.68%, which implies that there is a positive sentiment for the stock.

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