Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 41,722 call options on the company. This is an increase of 216% compared to the average volume of 13,198 call options.
Analyst Ratings Changes
BTDR has been the topic of several recent research reports. Roth Capital lifted their price target on shares of Bitdeer Technologies Group from $18.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Wall Street Zen lowered shares of Bitdeer Technologies Group from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Benchmark reissued a "buy" rating on shares of Bitdeer Technologies Group in a report on Friday, August 15th. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price target on shares of Bitdeer Technologies Group in a report on Monday, September 15th. Finally, B. Riley reiterated a "buy" rating on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $22.55.
Check Out Our Latest Analysis on BTDR
Bitdeer Technologies Group Stock Performance
Shares of BTDR traded up $0.52 during trading hours on Wednesday, hitting $17.61. The company's stock had a trading volume of 4,725,456 shares, compared to its average volume of 5,304,666. The business has a 50 day simple moving average of $14.28 and a two-hundred day simple moving average of $12.53. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -3.75 and a beta of 2.23. Bitdeer Technologies Group has a 52-week low of $6.61 and a 52-week high of $26.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 0.84.
Hedge Funds Weigh In On Bitdeer Technologies Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its holdings in shares of Bitdeer Technologies Group by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company's stock worth $30,000 after acquiring an additional 1,044 shares during the last quarter. Amalgamated Bank purchased a new stake in Bitdeer Technologies Group during the 2nd quarter valued at about $35,000. Stonebridge Financial Group LLC grew its position in Bitdeer Technologies Group by 33.3% during the 1st quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company's stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Bitdeer Technologies Group during the 1st quarter valued at about $55,000. Finally, Tower Research Capital LLC TRC boosted 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 acquiring an additional 7,157 shares during the last quarter. 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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