Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) saw unusually large options trading activity on Friday. Stock investors bought 36,528 call options on the company. This is an increase of 113% compared to the average volume of 17,157 call options.
Wall Street Analysts Forecast Growth
BTDR has been the topic of a number of analyst reports. Benchmark reaffirmed a "buy" rating on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Needham & Company LLC lifted their target price on shares of Bitdeer Technologies Group from $17.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 target price on shares of Bitdeer Technologies Group in a research note on Wednesday. BTIG Research boosted their price target on shares of Bitdeer Technologies Group from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Jones Trading began coverage on shares of Bitdeer Technologies Group in a research note on Monday, October 6th. They issued a "buy" rating and a $32.00 price target on the stock. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.58.
View Our Latest Report on BTDR
Institutional Investors Weigh In On Bitdeer Technologies Group
Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in Bitdeer Technologies Group by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company's stock worth $30,000 after buying an additional 1,044 shares during the period. Stonebridge Financial Group LLC increased its stake in Bitdeer Technologies Group by 33.3% during 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 during the period. Amalgamated Bank purchased a new stake in Bitdeer Technologies Group during the 2nd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Bitdeer Technologies Group during the 1st quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC increased its stake in Bitdeer Technologies Group by 7,157.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company's stock worth $83,000 after buying an additional 7,157 shares during the period. 22.25% of the stock is owned by hedge funds and other institutional investors.
Bitdeer Technologies Group Trading Down 8.2%
Shares of Bitdeer Technologies Group stock traded down $2.12 on Friday, reaching $23.76. The company had a trading volume of 6,051,097 shares, compared to its average volume of 5,658,562. The firm's 50 day moving average price is $15.98 and its two-hundred day moving average price is $13.38. The firm has a market cap of $5.03 billion, a PE ratio of -5.08 and a beta of 2.25. Bitdeer Technologies Group has a 52-week low of $6.84 and a 52-week high of $27.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.84 and a current ratio of 1.03.
About Bitdeer Technologies Group
(
Get Free Report)
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.
Further Reading
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