Roth Capital Issues Pessimistic Forecast for BTDR Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Stock analysts at Roth Capital dropped their FY2026 EPS estimates for Bitdeer Technologies Group in a note issued to investors on Wednesday, July 9th. Roth Capital analyst D. Aftahi now forecasts that the company will earn $0.42 per share 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 equities research analysts have also recently commented on the stock. Cantor Fitzgerald increased their price target on shares of Bitdeer Technologies Group from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday. B. Riley cut 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 report on Thursday. Benchmark reiterated a "buy" rating and set a $24.00 price target on shares of Bitdeer Technologies Group in a report on Monday, May 12th. Wall Street Zen upgraded shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Needham & Company LLC increased their price target on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $21.00.

Bitdeer Technologies Group Stock Performance

Shares of BTDR opened at $13.17 on Friday. The stock has a market cap of $1.47 billion, a PE ratio of -3.23 and a beta of 2.22. Bitdeer Technologies Group has a fifty-two week low of $5.40 and a fifty-two week high of $26.99. The firm's 50-day simple moving average is $13.08 and its two-hundred day simple moving average is $13.68.

Institutional Trading of Bitdeer Technologies Group

A number of institutional investors and hedge funds have recently bought and sold shares of BTDR. Stonebridge Financial Group LLC grew its stake in shares of Bitdeer Technologies Group by 33.3% in the 1st quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company's stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Quarry LP purchased a new stake in Bitdeer Technologies Group in the 4th quarter valued at about $42,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Bitdeer Technologies Group in the 1st quarter worth approximately $55,000. Wells Fargo & Company MN lifted its position in shares of Bitdeer Technologies Group by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock worth $93,000 after purchasing an additional 1,540 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth approximately $116,000. 22.25% of the stock is currently owned by institutional investors.

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.

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