Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) saw unusually large options trading on Friday. Traders acquired 42,998 call options on the company. This represents an increase of approximately 276% compared to the average daily volume of 11,429 call options.
Bitdeer Technologies Group Stock Up 14.5%
Shares of BTDR traded up $2.04 during midday trading on Friday, hitting $16.15. 9,420,408 shares of the company's stock traded hands, compared to its average volume of 4,096,924. Bitdeer Technologies Group has a 1 year low of $6.34 and a 1 year high of $26.99. The firm's fifty day moving average is $13.45 and its 200-day moving average is $12.04. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -3.44 and a beta of 2.23.
Analyst Upgrades and Downgrades
BTDR has been the subject of a number of analyst reports. Wall Street Zen lowered Bitdeer Technologies Group from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Benchmark restated a "buy" rating on shares of Bitdeer Technologies Group in a report on Friday, August 15th. HC Wainwright upped their target price on Bitdeer Technologies Group from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, August 19th. Finally, B. Riley restated a "buy" rating on shares of Bitdeer Technologies Group in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. Based on data from MarketBeat, Bitdeer Technologies Group has an average rating of "Buy" and an average price target of $20.80.
Read Our Latest Research Report on BTDR
Institutional Trading of Bitdeer Technologies Group
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Bitdeer Technologies Group by 7,157.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company's stock valued at $83,000 after purchasing an additional 7,157 shares during the last quarter. Vident Advisory LLC increased its position in shares of Bitdeer Technologies Group by 13.2% in the 2nd quarter. Vident Advisory LLC now owns 775,776 shares of the company's stock valued at $8,906,000 after acquiring an additional 90,762 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at $332,000. Bank of America Corp DE increased its position in shares of Bitdeer Technologies Group by 67.5% in the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company's stock valued at $72,753,000 after acquiring an additional 2,553,093 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at $804,000. 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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