Analysts Set Bitdeer Technologies Group (NASDAQ:BTDR) PT at $24.50

Bitdeer Technologies Group (NASDAQ:BTDR) has received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $24.50.

A number of analysts have weighed in on BTDR shares. Wall Street Zen cut shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Benchmark dropped 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. Zacks Research cut shares of Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. Rosenblatt Securities increased their target price on shares of Bitdeer Technologies Group from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, HC Wainwright dropped their target price on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 12th.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP grew its position in Bitdeer Technologies Group by 2.2% in the 3rd quarter. First Trust Advisors LP now owns 40,138 shares of the company’s stock valued at $686,000 after buying an additional 878 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Bitdeer Technologies Group by 5.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,800 shares of the company’s stock valued at $355,000 after buying an additional 1,100 shares in the last quarter. Alliancebernstein L.P. grew its position in Bitdeer Technologies Group by 1.3% in the 3rd quarter. Alliancebernstein L.P. now owns 104,787 shares of the company’s stock valued at $1,791,000 after buying an additional 1,307 shares in the last quarter. Invesco Ltd. grew its position in Bitdeer Technologies Group by 3.7% in the 4th quarter. Invesco Ltd. now owns 71,930 shares of the company’s stock valued at $806,000 after buying an additional 2,597 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Bitdeer Technologies Group by 17.4% during the 4th quarter. ProShare Advisors LLC now owns 18,023 shares of the company’s stock valued at $202,000 after purchasing an additional 2,670 shares in the last quarter. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Price Performance

Shares of BTDR stock opened at $18.38 on Friday. The company has a market capitalization of $4.33 billion, a PE ratio of -5.33 and a beta of 2.32. The firm has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $11.42. The company has a current ratio of 1.85, a quick ratio of 1.11 and a debt-to-equity ratio of 1.88. Bitdeer Technologies Group has a twelve month low of $6.92 and a twelve month high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.21). The company had revenue of $188.93 million during the quarter, compared to analyst estimates of $184.02 million. Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 69.95%. The company’s revenue was up 169.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.37) earnings per share. Equities research analysts anticipate that Bitdeer Technologies Group will post -1.06 earnings per share for the current fiscal year.

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.