Investors Purchase Large Volume of Bitdeer Technologies Group Call Options (NASDAQ:BTDR)

Key Points

• Unusually large options activity: Investors acquired 34,680 call options on BTDR on Friday, a 69% increase versus the typical daily call volume of 20,572.
• Several analysts have trimmed price targets (e.g., HC Wainwright, Cantor Fitzgerald, Needham), but the consensus remains a Moderate Buy with an average price target of $24.20.
• The most recent quarter showed an EPS miss (−$0.73 vs. −$0.14 expected) while revenue rose 225.8% year‑over‑year to $224.84 million; BTDR traded at $10.66 with a $2.26 billion market cap.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) saw unusually large options trading on Friday. Investors acquired 34,680 call options on the stock. This is an increase of 69% compared to the typical daily volume of 20,572 call options.

Analysts Set New Price Targets

BTDR has been the topic of a number of analyst reports. HC Wainwright dropped their target price on Bitdeer Technologies Group from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Cantor Fitzgerald cut Bitdeer Technologies Group from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $20.00 to $10.00 in a research report on Thursday. Needham & Company LLC dropped their target price on Bitdeer Technologies Group from $30.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. BTIG Research restated a "buy" rating on shares of Bitdeer Technologies Group in a research report on Friday, January 16th. Finally, Zacks Research cut Bitdeer Technologies Group from a "hold" rating to a "strong sell" rating in a research report on Monday, March 16th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Bitdeer Technologies Group presently has a consensus rating of "Moderate Buy" and an average price target of $24.20.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock traded up $0.33 during midday trading on Friday, reaching $10.66. The company had a trading volume of 2,443,892 shares, compared to its average volume of 7,798,677. The company has a market capitalization of $2.26 billion, a P/E ratio of -3.40 and a beta of 2.28. Bitdeer Technologies Group has a 12-month low of $6.84 and a 12-month high of $27.80. The firm's fifty day simple moving average is $9.29 and its 200-day simple moving average is $13.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.91 and a quick ratio of 0.75.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported ($0.73) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.59). Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The business had revenue of $224.84 million during the quarter, compared to analysts' expectations of $208.25 million. Bitdeer Technologies Group's revenue for the quarter was up 225.8% on a year-over-year basis. As a group, equities analysts anticipate that Bitdeer Technologies Group will post -0.73 EPS for the current year.

Institutional Trading of Bitdeer Technologies Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Great Lakes Advisors LLC acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $1,355,000. Tudor Investment Corp ET AL acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $6,792,000. Neo Ivy Capital Management acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $3,427,000. Keystone Investors PTE Ltd. acquired a new stake in Bitdeer Technologies Group in the 3rd quarter valued at approximately $7,844,000. Finally, Voya Investment Management LLC increased its holdings in Bitdeer Technologies Group by 421.6% in the 3rd quarter. Voya Investment Management LLC now owns 128,331 shares of the company's stock valued at $2,193,000 after purchasing an additional 103,730 shares during the last quarter. Institutional investors and hedge funds own 22.25% of the company's stock.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc NASDAQ: BTDR is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.

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