Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $13.77, but opened at $13.07. Bitdeer Technologies Group shares last traded at $12.85, with a volume of 1,344,103 shares changing hands.
Analysts Set New Price Targets
BTDR has been the subject of several recent analyst reports. Cantor Fitzgerald upped their target price on shares of Bitdeer Technologies Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday. B. Riley lifted their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Needham & Company LLC boosted their target price on Bitdeer Technologies Group from $13.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price target on shares of Bitdeer Technologies Group in a research note on Monday, June 16th. Finally, Wall Street Zen raised Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $21.10.
Get Our Latest Stock Report on Bitdeer Technologies Group
Bitdeer Technologies Group Stock Up 0.6%
The business has a fifty day simple moving average of $13.02 and a two-hundred day simple moving average of $13.73. The company has a market cap of $1.46 billion, a P/E ratio of -3.24 and a beta of 2.22.
Institutional Trading of Bitdeer Technologies Group
A number of hedge funds and other institutional investors have recently bought and sold shares of BTDR. Charles Schwab Investment Management Inc. grew its position in shares of Bitdeer Technologies Group by 49.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 368,778 shares of the company's stock worth $7,991,000 after purchasing an additional 121,944 shares in the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at approximately $289,000. Trivest Advisors Ltd bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at approximately $48,481,000. Teacher Retirement System of Texas bought a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $331,000. Finally, Sciencast Management LP bought a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $281,000. Hedge funds and other institutional investors own 22.25% of the company's stock.
About Bitdeer Technologies Group
(
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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