536,037 Shares in Bitdeer Technologies Group $BTDR Acquired by Capital Research Global Investors

Capital Research Global Investors acquired a new position in Bitdeer Technologies Group (NASDAQ:BTDR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 536,037 shares of the company’s stock, valued at approximately $6,009,000. Capital Research Global Investors owned approximately 0.25% of Bitdeer Technologies Group as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BTDR. Tower Research Capital LLC TRC raised its stake in Bitdeer Technologies Group by 7,157.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock worth $83,000 after buying an additional 7,157 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Bitdeer Technologies Group in the third quarter worth approximately $159,000. Russell Investments Group Ltd. bought a new position in Bitdeer Technologies Group in the third quarter worth approximately $191,000. ProShare Advisors LLC raised its stake in Bitdeer Technologies Group by 17.4% in the fourth quarter. ProShare Advisors LLC now owns 18,023 shares of the company’s stock worth $202,000 after buying an additional 2,670 shares in the last quarter. Finally, Havemeyer Place LP bought a new position in Bitdeer Technologies Group in the fourth quarter worth approximately $219,000. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Price Performance

NASDAQ BTDR opened at $17.41 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.85 and a quick ratio of 1.11. The stock’s fifty day moving average price is $13.30 and its 200 day moving average price is $11.76. Bitdeer Technologies Group has a 1 year low of $6.92 and a 1 year high of $27.80. The company has a market cap of $4.10 billion, a price-to-earnings ratio of -5.05 and a beta of 2.45.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its 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). Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 69.95%. The firm had revenue of $188.93 million during the quarter, compared to analyst estimates of $184.02 million. During the same period in the previous year, the company earned ($0.37) earnings per share. Bitdeer Technologies Group’s revenue was up 169.5% on a year-over-year basis. As a group, equities research analysts forecast that Bitdeer Technologies Group will post -1.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research raised Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. B. Riley Financial upped their price target on Bitdeer Technologies Group from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Bitdeer Technologies Group in a research report on Wednesday, May 20th. HC Wainwright reduced their price target on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Benchmark reduced their price target on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

About Bitdeer Technologies Group

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.