Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) had its price target lifted by HC Wainwright from $18.00 to $19.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
Several other brokerages have also weighed in on BTDR. B. Riley reissued a "buy" rating on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. Benchmark reissued a "buy" rating on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 target price on shares of Bitdeer Technologies Group in a research report on Monday, June 16th. Needham & Company LLC reissued a "buy" rating and issued a $17.00 target price on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. Finally, Wall Street Zen raised shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group has a consensus rating of "Buy" and an average target price of $20.80.
View Our Latest Stock Report on BTDR
Bitdeer Technologies Group Stock Performance
Shares of BTDR traded up $0.74 during trading hours on Monday, hitting $13.35. The company had a trading volume of 3,775,139 shares, compared to its average volume of 3,139,933. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -2.84 and a beta of 2.23. The business has a fifty day moving average of $12.96 and a 200-day moving average of $12.19. Bitdeer Technologies Group has a 12 month low of $5.40 and a 12 month high of $26.99. The company has a quick ratio of 1.13, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bitdeer Technologies Group by 3.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,358 shares of the company's stock worth $636,000 after purchasing an additional 916 shares during the period. Main Management ETF Advisors LLC increased its position in shares of Bitdeer Technologies Group by 1.6% in the second quarter. Main Management ETF Advisors LLC now owns 57,153 shares of the company's stock worth $656,000 after purchasing an additional 924 shares during the period. Stonebridge Financial Group LLC increased its position in shares of Bitdeer Technologies Group by 33.3% in the first quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company's stock worth $35,000 after purchasing an additional 1,000 shares during the period. Advisors Asset Management Inc. increased its position in shares of Bitdeer Technologies Group by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company's stock worth $30,000 after purchasing an additional 1,044 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Bitdeer Technologies Group by 14.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,600 shares of the company's stock worth $208,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 22.25% of the company's stock.
About Bitdeer Technologies Group
(
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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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