Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) has received a consensus rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $25.5455.
A number of research firms have commented on BTDR. Weiss Ratings raised Bitdeer Technologies Group from a "sell (d-)" rating to a "hold (c-)" rating in a report on Monday, May 18th. Cantor Fitzgerald raised Bitdeer Technologies Group from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $15.00 to $18.00 in a research report on Wednesday. Citizens Jmp assumed coverage on Bitdeer Technologies Group in a research report on Wednesday, June 24th. They set a "market outperform" rating and a $35.00 target price for the company. Benchmark reduced their price target on shares of Bitdeer Technologies Group from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, B. Riley Financial raised their price target on Bitdeer Technologies Group from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Friday, May 15th.
Read Our Latest Research Report on BTDR
Institutional Investors Weigh In On Bitdeer Technologies Group
Hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its position in Bitdeer Technologies Group by 2.2% in the third quarter. First Trust Advisors LP now owns 40,138 shares of the company's stock valued at $686,000 after purchasing an additional 878 shares during the period. GAMMA Investing LLC raised its position in shares of Bitdeer Technologies Group by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,476 shares of the company's stock worth $39,000 after acquiring an additional 902 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Bitdeer Technologies Group by 5.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,800 shares of the company's stock worth $355,000 after acquiring an additional 1,100 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Bitdeer Technologies Group by 1.3% in the third quarter. Alliancebernstein L.P. now owns 104,787 shares of the company's stock valued at $1,791,000 after purchasing an additional 1,307 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Bitdeer Technologies Group by 3.7% in the fourth quarter. Invesco Ltd. now owns 71,930 shares of the company's stock valued at $806,000 after purchasing an additional 2,597 shares in the last quarter. 22.25% of the stock is owned by hedge funds and other institutional investors.
Bitdeer Technologies Group Stock Performance
Shares of NASDAQ BTDR opened at $10.52 on Friday. Bitdeer Technologies Group has a 12-month low of $6.92 and a 12-month high of $27.80. The firm has a 50 day moving average of $14.65 and a 200 day moving average of $12.39. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -3.05 and a beta of 2.50. The company has a current ratio of 1.85, a quick ratio of 1.11 and a debt-to-equity ratio of 1.88.
Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.21). The company had revenue of $188.93 million for the quarter, compared to the consensus estimate of $184.02 million. Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 69.95%. The business's revenue for the quarter was up 169.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.37) EPS. On average, research analysts anticipate that Bitdeer Technologies Group will post -1.54 earnings per share for the current year.
About Bitdeer Technologies Group
(
Get Free Report)
Bitdeer Technologies Group Inc NASDAQ: BTDR is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.
Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.
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