Research Analysts Issue Forecasts for BTDR FY2026 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Analysts at Roth Capital dropped their FY2026 earnings per share estimates for Bitdeer Technologies Group in a research note issued to investors on Wednesday, July 9th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of $0.42 for the year, down from their prior estimate of $0.43. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.73) per share.

A number of other research analysts have also weighed in on the stock. B. Riley decreased their price target on shares of Bitdeer Technologies Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday. Rosenblatt Securities restated a "buy" rating and set a $20.00 price target on shares of Bitdeer Technologies Group in a research note on Monday, June 16th. Benchmark restated a "buy" rating and set a $24.00 price objective on shares of Bitdeer Technologies Group in a research report on Monday, May 12th. Cantor Fitzgerald increased their price objective on shares of Bitdeer Technologies Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Wall Street Zen raised shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $21.00.

Bitdeer Technologies Group Price Performance

NASDAQ:BTDR traded up $0.27 during trading hours on Friday, hitting $13.51. 6,412,307 shares of the company were exchanged, compared to its average volume of 5,685,569. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.31 and a beta of 2.22. Bitdeer Technologies Group has a 52-week low of $5.40 and a 52-week high of $26.99. The company's 50 day moving average price is $13.13 and its 200-day moving average price is $13.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trivest Advisors Ltd acquired a new position in shares of Bitdeer Technologies Group during the fourth quarter worth $48,481,000. FengHe Fund Management Pte. Ltd. raised its position in shares of Bitdeer Technologies Group by 178.2% in the 1st quarter. FengHe Fund Management Pte. Ltd. now owns 1,332,200 shares of the company's stock worth $11,763,000 after acquiring an additional 853,300 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Bitdeer Technologies Group by 3,558.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock valued at $26,876,000 after purchasing an additional 1,206,361 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Bitdeer Technologies Group by 29.7% in the 4th quarter. Vident Advisory LLC now owns 1,139,619 shares of the company's stock valued at $24,696,000 after acquiring an additional 260,649 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Bitdeer Technologies Group in the fourth quarter valued at $16,834,000. Institutional investors and hedge funds own 22.25% of the company's stock.

Bitdeer Technologies Group Company Profile

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.