Wall Street Zen Downgrades Bitdeer Technologies Group (NASDAQ:BTDR) to Strong Sell

Key Points

• Wall Street Zen downgraded Bitdeer Technologies Group (NASDAQ:BTDR) from a "sell" to a strong sell in its latest research report.
• Analyst coverage is mixed—nine Buys, two Holds and two Sells—with MarketBeat showing a consensus rating of Moderate Buy and a $24.20 average target, even as several firms have trimmed price targets recently.
• Bitdeer reported an EPS miss (reported ($0.73) vs. ($0.14) expected) despite revenue of $224.8M (up 225.8% YoY); the stock trades around $11.84, well below its one‑year high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Saturday.

Several other equities analysts have also recently commented on the stock. HC Wainwright reduced their price target on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. UBS Group reaffirmed a "buy" rating on shares of Bitdeer Technologies Group in a research report on Thursday, February 12th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $14.00 target price (down from $26.50) on shares of Bitdeer Technologies Group in a report on Tuesday, January 27th. Needham & Company LLC cut their target price on shares of Bitdeer Technologies Group from $30.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Finally, Benchmark cut their target price on shares of Bitdeer Technologies Group from $38.00 to $27.00 and set a "buy" rating on the stock in a report on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.20.

Bitdeer Technologies Group Stock Performance

Shares of BTDR stock opened at $11.84 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 0.91. Bitdeer Technologies Group has a one year low of $6.92 and a one year high of $27.80. The company's 50-day simple moving average is $9.46 and its 200-day simple moving average is $12.67. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of -3.77 and a beta of 2.32.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.59). Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The company had revenue of $224.84 million for the quarter, compared to the consensus estimate of $208.25 million. The firm's revenue for the quarter was up 225.8% compared to the same quarter last year. Equities analysts anticipate that Bitdeer Technologies Group will post -0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bitdeer Technologies Group

Large investors have recently bought and sold shares of the business. Empowered Funds LLC bought a new position in Bitdeer Technologies Group in the fourth quarter worth about $34,000. Kestra Advisory Services LLC bought a new position in Bitdeer Technologies Group in the fourth quarter worth about $39,000. Tower Research Capital LLC TRC lifted its holdings in Bitdeer Technologies Group by 7,157.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company's stock worth $83,000 after acquiring an additional 7,157 shares during the last quarter. Leonteq Securities AG bought a new position in Bitdeer Technologies Group in the first quarter worth about $72,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Bitdeer Technologies Group in the third quarter worth about $159,000. Institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc NASDAQ: BTDR is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.

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