Bitdeer Technologies Group (NASDAQ:BTDR) Given “Buy” Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research note released on Tuesday, Benzinga reports. They currently have a $20.00 price target on the stock.

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

Bitdeer Technologies Group Stock Performance

Shares of BTDR opened at $7.02 on Tuesday. Bitdeer Technologies Group has a fifty-two week low of $2.77 and a fifty-two week high of $14.65. The stock has a market capitalization of $781.26 million, a PE ratio of -15.60 and a beta of 1.70. The company’s fifty day moving average is $7.28 and its 200 day moving average is $7.01.

Institutional Trading of Bitdeer Technologies Group

A number of large investors have recently made changes to their positions in the stock. UBS Group AG purchased a new stake in shares of Bitdeer Technologies Group during the third quarter valued at $35,000. First Trust Advisors LP lifted its stake in Bitdeer Technologies Group by 8.9% in the fourth quarter. First Trust Advisors LP now owns 51,237 shares of the company’s stock worth $505,000 after acquiring an additional 4,197 shares during the period. Deutsche Bank AG purchased a new stake in Bitdeer Technologies Group in the third quarter worth about $41,000. Barclays PLC purchased a new stake in Bitdeer Technologies Group in the third quarter worth about $49,000. Finally, Wellington Management Group LLP purchased a new stake in Bitdeer Technologies Group in the fourth quarter worth about $116,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Company Profile

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.