62,425 Shares in Bitdeer Technologies Group $BTDR Purchased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. acquired 62,425 shares of Bitdeer Technologies Group, valued at approximately $551,000, representing about 0.06% ownership in the company.
• Bitdeer Technologies Group's stock currently holds an average rating of "Buy" with a consensus price target of $20.80 from multiple analysts.
• The company's stock opened at $12.35, with a 52-week range of $5.40 to $26.99, and a market capitalization of $1.38 billion.

Graham Capital Management L.P. bought a new position in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62,425 shares of the company's stock, valued at approximately $551,000. Graham Capital Management L.P. owned about 0.06% of Bitdeer Technologies Group at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in shares of Bitdeer Technologies Group in the first quarter worth about $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Bitdeer Technologies Group by 118.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,254 shares of the company's stock worth $1,327,000 after purchasing an additional 33,182 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Bitdeer Technologies Group in the first quarter worth about $505,000. SBI Securities Co. Ltd. grew its stake in shares of Bitdeer Technologies Group by 507.1% in the first quarter. SBI Securities Co. Ltd. now owns 22,002 shares of the company's stock worth $194,000 after purchasing an additional 18,378 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in shares of Bitdeer Technologies Group in the fourth quarter worth about $813,000. 22.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on BTDR shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $23.00 target price on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Wall Street Zen lowered shares of Bitdeer Technologies Group from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a report on Tuesday, August 19th. Needham & Company LLC restated a "buy" rating and issued a $17.00 price objective on shares of Bitdeer Technologies Group in a report on Friday, August 15th. Finally, Benchmark restated a "buy" rating on shares of Bitdeer Technologies Group in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. According to data from MarketBeat, Bitdeer Technologies Group currently has an average rating of "Buy" and a consensus price target of $20.80.

Bitdeer Technologies Group Price Performance

BTDR stock opened at $12.35 on Friday. The firm has a 50 day moving average price of $13.31 and a 200-day moving average price of $11.99. Bitdeer Technologies Group has a 52-week low of $5.40 and a 52-week high of $26.99. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.63 and a beta of 2.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.84 and a current ratio of 1.03.

About Bitdeer Technologies Group

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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