Bitdeer Technologies Group (NASDAQ:BTDR) Given Average Rating of "Buy" by Analysts

Shares of Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) have earned a consensus rating of "Buy" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $13.58.

A number of equities analysts have recently commented on BTDR shares. Benchmark restated a "buy" rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Wednesday, March 27th. HC Wainwright reiterated a "buy" rating and set a $20.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, March 26th. BTIG Research assumed coverage on shares of Bitdeer Technologies Group in a research report on Wednesday, March 13th. They set a "buy" rating and a $15.00 target price for the company. B. Riley began coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, March 12th. They set a "buy" rating and a $9.00 target price for the company. Finally, Roth Mkm began coverage on shares of Bitdeer Technologies Group in a report on Thursday, February 29th. They set a "buy" rating and a $14.00 price target on the stock.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several institutional investors have recently made changes to their positions in the business. UBS Group AG bought a new position in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $35,000. First Trust Advisors LP raised its stake in Bitdeer Technologies Group by 8.9% during the 4th quarter. First Trust Advisors LP now owns 51,237 shares of the company's stock worth $505,000 after acquiring an additional 4,197 shares during the period. Deutsche Bank AG bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $41,000. Barclays PLC bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $49,000. Finally, Wellington Management Group LLP bought a new stake in Bitdeer Technologies Group during the 4th quarter worth approximately $116,000. Institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Trading Down 4.1 %

Shares of BTDR stock traded down $0.29 during trading hours on Tuesday, reaching $6.81. The stock had a trading volume of 775,010 shares, compared to its average volume of 1,884,693. The stock's fifty day simple moving average is $7.24 and its 200 day simple moving average is $6.68. Bitdeer Technologies Group has a 12 month low of $2.77 and a 12 month high of $14.65. The firm has a market capitalization of $762.52 million, a PE ratio of -16.21 and a beta of 1.70.

About Bitdeer Technologies Group

Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations.