Brokers Set Expectations for BTDR Q1 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Stock analysts at B. Riley issued their Q1 2025 earnings per share (EPS) estimates for Bitdeer Technologies Group in a research report issued to clients and investors on Monday, April 28th. B. Riley analyst N. Giles forecasts that the company will earn ($0.43) per share for the quarter. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.73) per share. B. Riley also issued estimates for Bitdeer Technologies Group's Q2 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.68) EPS and FY2026 earnings at $0.00 EPS.

A number of other research analysts also recently weighed in on the company. Benchmark reduced their target price on Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Roth Mkm reiterated a "buy" rating and issued a $23.50 price objective (down from $29.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Northland Securities increased their price objective on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Rosenblatt Securities cut their price target on Bitdeer Technologies Group from $25.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods initiated coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They issued an "outperform" rating and a $26.50 target price on the stock. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $19.50.

Bitdeer Technologies Group Price Performance

NASDAQ:BTDR traded up $0.79 during trading hours on Thursday, hitting $10.97. The company had a trading volume of 4,382,018 shares, compared to its average volume of 4,608,784. Bitdeer Technologies Group has a 52 week low of $5.25 and a 52 week high of $26.99. The stock has a 50-day moving average price of $9.60 and a 200 day moving average price of $13.63. The company has a market capitalization of $1.23 billion, a PE ratio of -21.10 and a beta of 2.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Yong Rong HK Asset Management Ltd bought a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $65,010,000. Trivest Advisors Ltd bought a new position in shares of Bitdeer Technologies Group during the 4th quarter valued at approximately $48,481,000. Van ECK Associates Corp bought a new position in shares of Bitdeer Technologies Group during the 4th quarter valued at approximately $29,125,000. Renaissance Technologies LLC grew its holdings in shares of Bitdeer Technologies Group by 3,558.6% in the fourth 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. Finally, Vident Advisory LLC increased its position in Bitdeer Technologies Group by 29.7% in the fourth quarter. Vident Advisory LLC now owns 1,139,619 shares of the company's stock worth $24,696,000 after purchasing an additional 260,649 shares during the last quarter. Hedge funds and other institutional investors own 22.25% of the company's stock.

About Bitdeer Technologies Group

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.