Bitdeer Technologies Group (NASDAQ:BTDR) Earns “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a report released on Tuesday morning, Benzinga reports. The firm currently has a $20.00 target price on the stock.

Several other research analysts have also recently issued reports on BTDR. BTIG Research began coverage on shares of Bitdeer Technologies Group in a report on Wednesday, March 13th. They set a buy rating and a $15.00 target price for the company. Benchmark began coverage on Bitdeer Technologies Group in a report on Thursday, March 21st. They issued a buy rating and a $13.00 price target for the company. Roth Mkm initiated coverage on shares of Bitdeer Technologies Group in a report on Thursday, February 29th. They set a buy rating and a $14.00 price target on the stock. Finally, B. Riley initiated coverage on shares of Bitdeer Technologies Group in a report on Tuesday, March 12th. They issued a buy rating and a $9.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $14.20.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $7.02 on Tuesday. The company’s fifty day moving average price is $7.27 and its 200-day moving average price is $7.03. Bitdeer Technologies Group has a 1-year low of $2.77 and a 1-year high of $14.65. The firm has a market capitalization of $781.26 million, a PE ratio of -15.60 and a beta of 1.70.

Institutional Trading of Bitdeer Technologies Group

Hedge funds have recently made changes to their positions in the business. UBS Group AG purchased a new stake in shares of Bitdeer Technologies Group during the third quarter worth approximately $35,000. Deutsche Bank AG acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth $41,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group during the third quarter worth about $49,000. Wellington Management Group LLP acquired a new stake in Bitdeer Technologies Group in the fourth quarter valued at about $116,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at approximately $127,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

About Bitdeer Technologies Group

Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations.