Roth Capital Issues Pessimistic Estimate for BTDR Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Stock analysts at Roth Capital reduced their FY2026 earnings estimates for Bitdeer Technologies Group in a research report issued 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 previous forecast of $0.43. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.73) per share.

Several other analysts have also commented on BTDR. Cantor Fitzgerald raised 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. Wall Street Zen upgraded shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a report on Monday, June 16th. Needham & Company LLC lifted their target price 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. Finally, Benchmark reiterated a "buy" rating and set a $24.00 target price on shares of Bitdeer Technologies Group in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bitdeer Technologies Group presently has an average rating of "Buy" and an average target price of $21.00.

Bitdeer Technologies Group Price Performance

BTDR traded up $0.07 on Friday, hitting $13.24. The company had a trading volume of 4,464,125 shares, compared to its average volume of 5,202,441. Bitdeer Technologies Group has a 52-week low of $5.40 and a 52-week high of $26.99. The stock has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $13.61. The firm has a market capitalization of $1.48 billion, a P/E ratio of -3.25 and a beta of 2.22.

Institutional Investors Weigh In On Bitdeer Technologies Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Stonebridge Financial Group LLC grew its position in 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 purchasing an additional 1,000 shares during the period. Quarry LP bought a new stake in Bitdeer Technologies Group in the 4th quarter worth approximately $42,000. Caitong International Asset Management Co. Ltd bought a new stake in Bitdeer Technologies Group in the 1st quarter worth approximately $55,000. Wells Fargo & Company MN grew its position in 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 bought a new stake in Bitdeer Technologies Group in the 4th quarter worth approximately $116,000. Institutional investors 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.