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Northland Capital analysts initates a Market perform rating for Bitcoin Depot Inc (BTM)

In a filing, Bitcoin Depot Inc revealed its Chief Executive Officer Mintz Brandon Taylor unloaded Company’s shares for reported $92950.0 on Dec 02 ’24. In the deal valued at $1.86 per share,50,000 shares were sold. As a result of this transaction, Mintz Brandon Taylor now holds 145,672 shares worth roughly $0.27 million.

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Then, Mintz Brandon Taylor sold 125,000 shares, generating $376,488 in total proceeds. Upon selling the shares at $3.01, the Chief Executive Officer now owns 254,248 shares.

Before that, Mintz Brandon Taylor sold 18,196 shares. Bitcoin Depot Inc shares valued at $27,294 were divested by the Chief Executive Officer at a price of $1.50 per share. As a result of the transaction, Mintz Brandon Taylor now holds 379,248 shares, worth roughly $0.71 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 Friday, Bitcoin Depot Inc [NASDAQ:BTM] saw its stock jump 3.91% to $1.86. Over the last five days, the stock has lost -6.53%. Bitcoin Depot Inc shares have fallen nearly -42.41% since the year began. Nevertheless, the stocks have fallen -26.48% 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 $1.7218, while 200 days put it at $1.8223.

Levels Of Support And Resistance For BTM Stock

The 24-hour chart illustrates a support level at 1.7815, which if violated will result in even more drops to 1.7029. On the upside, there is a resistance level at 1.9243. A further resistance level may holdings at 1.9885. The Relative Strength Index (RSI) on the 14-day chart is 49.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0864, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.54%. Stochastics %K at 20.77% 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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