B. Riley Issues Pessimistic Forecast for BTDR Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Equities research analysts at B. Riley lowered their Q2 2025 EPS estimates for shares of Bitdeer Technologies Group in a report released on Wednesday, July 9th. B. Riley analyst N. Giles now expects that the company will post earnings per share of ($0.19) for the quarter, down from their prior forecast of ($0.18). B. Riley currently has a "Buy" rating and a $17.00 price target on the stock. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.73) per share. B. Riley also issued estimates for Bitdeer Technologies Group's Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.21) EPS, FY2025 earnings at ($0.86) EPS, FY2026 earnings at ($0.28) EPS and FY2027 earnings at ($0.22) EPS.

Other analysts also recently issued reports about the stock. Needham & Company LLC lifted their price objective on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a report on Friday, May 16th. Benchmark reiterated a "buy" rating and issued a $24.00 price objective on shares of Bitdeer Technologies Group in a report on Monday, May 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a report on Monday, June 16th. Cantor Fitzgerald lifted their price objective on shares of Bitdeer Technologies Group from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $21.00.

Bitdeer Technologies Group Stock Performance

BTDR stock traded up $0.27 during mid-day trading on Friday, hitting $13.51. 6,409,974 shares of the company were exchanged, compared to its average volume of 5,685,400. The firm has a market cap of $1.51 billion, a P/E ratio of -3.31 and a beta of 2.22. The firm's 50 day simple moving average is $13.13 and its 200 day simple moving average is $13.46. Bitdeer Technologies Group has a 1-year low of $5.40 and a 1-year high of $26.99.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several hedge funds and other institutional investors have recently made changes to their positions in BTDR. Trivest Advisors Ltd bought a new position in Bitdeer Technologies Group during the fourth quarter worth $48,481,000. Renaissance Technologies LLC boosted its position in Bitdeer Technologies Group by 3,558.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock worth $26,876,000 after purchasing an additional 1,206,361 shares during the period. FengHe Fund Management Pte. Ltd. boosted its position in Bitdeer Technologies Group by 178.2% during the first quarter. FengHe Fund Management Pte. Ltd. now owns 1,332,200 shares of the company's stock worth $11,763,000 after purchasing an additional 853,300 shares during the period. Voloridge Investment Management LLC bought a new position in Bitdeer Technologies Group during the fourth quarter worth $16,834,000. Finally, Capital Fund Management S.A. bought a new position in Bitdeer Technologies Group during the first quarter worth $6,835,000. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Company Profile

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.