Bitdeer Technologies Group (NASDAQ:BTDR) Stock Rating Reaffirmed by Benchmark

Benchmark reaffirmed their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in a report published on Monday, Benzinga reports. Benchmark currently has a $13.00 target price on the stock.

BTDR has been the subject of several other reports. HC Wainwright reissued a buy rating and issued a $20.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, March 26th. Roth Mkm began coverage on Bitdeer Technologies Group in a research note on Thursday, February 29th. They issued a buy rating and a $14.00 price objective for the company. Needham & Company LLC initiated coverage on shares of Bitdeer Technologies Group in a research report on Monday. They set a buy rating and a $14.00 target price on the stock. B. Riley assumed coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, March 12th. They issued a buy rating and a $9.00 price target for the company. Finally, BTIG Research assumed coverage on shares of Bitdeer Technologies Group in a research note on Wednesday, March 13th. They set a buy rating and a $15.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Bitdeer Technologies Group currently has an average rating of Buy and a consensus target price of $13.64.

Bitdeer Technologies Group Stock Performance

NASDAQ BTDR traded down $0.39 during trading hours on Monday, hitting $5.65. The company had a trading volume of 1,173,276 shares, compared to its average volume of 1,835,316. The business has a 50 day moving average of $7.14 and a 200-day moving average of $6.60. The company has a market cap of $632.63 million, a PE ratio of -13.67 and a beta of 1.70. Bitdeer Technologies Group has a 1-year low of $2.77 and a 1-year high of $14.65.

Hedge Funds Weigh In On Bitdeer Technologies Group

Institutional investors have recently bought and sold shares of the company. EDBI Pte Ltd acquired a new position in shares of Bitdeer Technologies Group during the third quarter worth about $3,444,000. Exchange Traded Concepts LLC increased its position in Bitdeer Technologies Group by 83.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 533,975 shares of the company's stock worth $5,265,000 after purchasing an additional 243,245 shares during the period. Swiss National Bank purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $604,000. Barclays PLC acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $49,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Bitdeer Technologies Group in the third quarter valued at approximately $150,000. 22.25% of the stock is owned by institutional investors and hedge funds.

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.