Tonix Pharmaceuticals stock halted ahead of FDA approval news
Bitcoin Depot Inc. (NASDAQ:BTM) Chief Operating Officer Christopher Scott Buchanan sold 20,476 shares of Class A common stock on April 3, 2025. The shares were sold at a weighted average price of approximately $1.33, resulting in a total transaction value of $27,210. The transaction comes as BTM's stock has declined nearly 16% in the past week, according to InvestingPro data. Following this sale, Buchanan holds 169,276 shares directly. The transaction was conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks. The shares were sold at prices ranging from $1.30 to $1.36. With a market capitalization of approximately $80 million and analysts setting price targets between $3.25 and $7.00, InvestingPro analysis suggests the stock is currently undervalued. Additional insights and a comprehensive Pro Research Report are available with an InvestingPro subscription.
In other recent news, Bitcoin Depot Inc. reported a decrease in revenue for the fourth quarter of 2024, with earnings falling to $136.8 million from $148.4 million the previous year. Despite the revenue drop, the company saw a significant 18% increase in adjusted gross profit, reaching $25.4 million, and a 34% rise in adjusted EBITDA to $12 million. Bitcoin Depot projects growth for Q1 2025, with expected revenue between $151 million and $154 million and a potential 200% increase in adjusted EBITDA.
In another development, Bitcoin Depot has appointed David M. Gray as its new Chief Financial Officer. Gray, who previously served as CFO of Aviat Networks (NASDAQ:AVNW), will guide the company's financial strategy. The company has also announced plans to expand internationally, targeting markets like Australia, where they have shipped over 300 kiosks.
Bitcoin Depot's CEO, Brandon Mintz, expressed optimism about the company's future growth, citing strategic initiatives and operational efficiencies. The firm is also focusing on reducing its total debt of $60.9 million and exploring international expansion opportunities. These moves come as Bitcoin Depot continues to strengthen its market position in the evolving cryptocurrency landscape.
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