Bitcoin Depot Stock to Reverse Split on Monday, February 23rd (NASDAQ:BTM)

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Bitcoin Depot (NASDAQ:BTM) announced a 1-for-7 reverse stock split effective Monday, February 23rd, with share adjustments occurring after the market close on Friday, February 20th. The company, which operates a large network of cryptocurrency kiosks, has a market capitalization of $69.22 million and a P/E of 4.13. Analysts currently have a “Hold” consensus rating on the stock with a target price of $5.83, despite recent downgrades from some firms.

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