Bitdeer Technologies Group (NASDAQ:BTDR) Receives $30.33 Consensus Target Price from Analysts

by · The Cerbat Gem

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.3333.

Several research firms have recently issued reports on BTDR. Roth Capital restated a “buy” rating and set a $40.00 price objective on shares of Bitdeer Technologies Group in a report on Wednesday, October 15th. Wall Street Zen downgraded Bitdeer Technologies Group from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Cantor Fitzgerald upped their target price on Bitdeer Technologies Group from $30.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. HC Wainwright decreased their price target on shares of Bitdeer Technologies Group from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, Rosenblatt Securities boosted their price target on shares of Bitdeer Technologies Group from $20.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 11th.

Check Out Our Latest Research Report on BTDR

Institutional Investors Weigh In On Bitdeer Technologies Group

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its stake in shares of Bitdeer Technologies Group by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock valued at $30,000 after purchasing an additional 1,044 shares during the period. Amalgamated Bank bought a new stake in Bitdeer Technologies Group in the second quarter valued at $35,000. Caitong International Asset Management Co. Ltd acquired a new position in Bitdeer Technologies Group during the first quarter worth $55,000. Tower Research Capital LLC TRC lifted its holdings in shares of Bitdeer Technologies Group by 7,157.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock valued at $83,000 after acquiring an additional 7,157 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Bitdeer Technologies Group during the second quarter valued at $105,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ BTDR opened at $12.50 on Friday. Bitdeer Technologies Group has a 12 month low of $6.84 and a 12 month high of $27.80. The company has a market cap of $2.65 billion, a P/E ratio of -2.22 and a beta of 2.31. The business’s 50 day moving average is $18.10 and its two-hundred day moving average is $15.17. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.46.

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($1.06). The company had revenue of $169.71 million during the quarter, compared to analyst estimates of $151.80 million. Bitdeer Technologies Group had a negative return on equity of 91.31% and a negative net margin of 115.59%.The company’s revenue was up 173.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.35) EPS. On average, equities analysts expect that Bitdeer Technologies Group will post -0.73 EPS for the current year.

Bitdeer Technologies Group Company Profile

(Get Free Report)

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.

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