NASDAQ:BTDR

Bitdeer Technologies Group (BTDR) Stock Price, News & Analysis

$5.74
+0.10 (+1.77%)
(As of 05/3/2024 ET)
Today's Range
$5.54
$5.87
50-Day Range
$5.42
$8.34
52-Week Range
$2.77
$14.65
Volume
495,742 shs
Average Volume
1.65 million shs
Market Capitalization
$642.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.64

Bitdeer Technologies Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
137.7% Upside
$13.64 Price Target
Short Interest
Healthy
5.95% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.23mentions of Bitdeer Technologies Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.07) to ($0.02) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.26 out of 5 stars

Business Services Sector

775th out of 1,866 stocks

Nondepository Credit Institutions Industry

85th out of 294 stocks

BTDR stock logo

About Bitdeer Technologies Group Stock (NASDAQ:BTDR)

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. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.

BTDR Stock Price History

BTDR Stock News Headlines

Beyond the Halving: The Future of Bitcoin Mining Stocks
Bitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity.
Beyond the Halving: The Future of Bitcoin Mining Stocks (BTDR)
The Bitcoin halving event presents challenges and opportunities for mining companies, necessitating adaptation and innovation to thrive in the evolving sector.
The asset beating inflation by 4x
"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.
7 Stocks to Buy Right After the April Bitcoin Halving
The asset beating inflation by 4x
"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.
Bitdeer Announces March 2024 Operations Updates
5 Crypto Stocks with Biggest Upside
See More Headlines
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Company Calendar

Last Earnings
3/28/2024
Today
5/04/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:BTDR
Fax
N/A
Employees
211
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.64
High Stock Price Target
$20.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+137.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$-56,660,000.00
Pretax Margin
-13.83%

Debt

Sales & Book Value

Annual Sales
$368.55 million
Cash Flow
$0.49 per share
Book Value
$2.97 per share

Miscellaneous

Free Float
N/A
Market Cap
$642.71 million
Optionable
Optionable
Beta
1.79
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BTDR Stock Analysis - Frequently Asked Questions

Should I buy or sell Bitdeer Technologies Group stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bitdeer Technologies Group in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BTDR shares.
View BTDR analyst ratings
or view top-rated stocks.

What is Bitdeer Technologies Group's stock price target for 2024?

7 brokerages have issued twelve-month price targets for Bitdeer Technologies Group's stock. Their BTDR share price targets range from $9.00 to $20.00. On average, they predict the company's share price to reach $13.64 in the next twelve months. This suggests a possible upside of 137.7% from the stock's current price.
View analysts price targets for BTDR
or view top-rated stocks among Wall Street analysts.

How have BTDR shares performed in 2024?

Bitdeer Technologies Group's stock was trading at $9.86 at the beginning of 2024. Since then, BTDR shares have decreased by 41.8% and is now trading at $5.74.
View the best growth stocks for 2024 here
.

Are investors shorting Bitdeer Technologies Group?

Bitdeer Technologies Group saw a drop in short interest in April. As of April 15th, there was short interest totaling 1,760,000 shares, a drop of 21.4% from the March 31st total of 2,240,000 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 6.0% of the company's shares are sold short.
View Bitdeer Technologies Group's Short Interest
.

When is Bitdeer Technologies Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our BTDR earnings forecast
.

How were Bitdeer Technologies Group's earnings last quarter?

Bitdeer Technologies Group (NASDAQ:BTDR) released its quarterly earnings data on Thursday, March, 28th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.15. The business had revenue of $114.85 million for the quarter. Bitdeer Technologies Group had a negative net margin of 15.37% and a negative trailing twelve-month return on equity of 7.34%.

What guidance has Bitdeer Technologies Group issued on next quarter's earnings?

Bitdeer Technologies Group updated its fourth quarter 2023 earnings guidance on Monday, March, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $114.8 million-$114.8 million, compared to the consensus revenue estimate of $117.3 million.

Who are Bitdeer Technologies Group's major shareholders?

Bitdeer Technologies Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (1.09%), EDBI Pte Ltd (0.09%) and Concourse Financial Group Securities Inc. (0.00%).

How do I buy shares of Bitdeer Technologies Group?

Shares of BTDR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BTDR) was last updated on 5/4/2024 by MarketBeat.com Staff

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