Bitdeer Technologies Group (NASDAQ:BTDR) Given Average Recommendation of “Moderate Buy” by Brokerages

Bitdeer Technologies Group (NASDAQ:BTDR) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.50.

Several brokerages have recently commented on BTDR. B. Riley Financial increased their price target on shares of Bitdeer Technologies Group from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Bitdeer Technologies Group in a research note on Wednesday, May 20th. Wall Street Zen lowered shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, Zacks Research raised shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd.

Bitdeer Technologies Group Stock Performance

Shares of BTDR opened at $17.92 on Thursday. The company’s fifty day moving average is $14.34 and its 200-day moving average is $12.02. Bitdeer Technologies Group has a 12 month low of $6.92 and a 12 month high of $27.80. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of -5.19 and a beta of 2.45. The company has a quick ratio of 1.11, a current ratio of 1.85 and a debt-to-equity ratio of 1.88.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.21). Bitdeer Technologies Group had a negative return on equity of 69.95% and a negative net margin of 68.11%.The business had revenue of $188.93 million for the quarter, compared to analyst estimates of $184.02 million. During the same quarter last year, the company earned ($0.37) EPS. The business’s revenue for the quarter was up 169.5% compared to the same quarter last year. Equities analysts expect that Bitdeer Technologies Group will post -1.18 EPS for the current fiscal year.

Institutional Trading of Bitdeer Technologies Group

Large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $6,792,000. Keystone Investors PTE Ltd. bought a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $7,844,000. Neo Ivy Capital Management bought a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $3,427,000. Value Aligned Research Advisors LLC boosted its holdings in shares of Bitdeer Technologies Group by 65.6% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 1,378,789 shares of the company’s stock worth $23,564,000 after buying an additional 546,280 shares during the period. Finally, Azora Capital LP bought a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $23,817,000. 22.25% of the stock is owned by institutional investors.

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.