Bitdeer Technologies Group (NASDAQ:BTDR) Given New $15.00 Price Target at Cantor Fitzgerald

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target raised by stock analysts at Cantor Fitzgerald from $11.00 to $15.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 1.69% from the company’s current price.

A number of other analysts also recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research note on Monday, April 20th. HC Wainwright dropped their price objective on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. UBS Group reissued a “buy” rating on shares of Bitdeer Technologies Group in a research note on Thursday, February 12th. Needham & Company LLC boosted their price objective on Bitdeer Technologies Group from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Zacks Research downgraded Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a research note on Monday, March 16th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.10.

Bitdeer Technologies Group Stock Up 11.6%

BTDR opened at $14.75 on Friday. Bitdeer Technologies Group has a one year low of $6.92 and a one year high of $27.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 0.91. The stock’s fifty day moving average is $10.36 and its 200-day moving average is $11.99. The company has a market capitalization of $3.47 billion, a PE ratio of -4.70 and a beta of 2.32.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The firm had revenue of $188.93 million during the quarter, compared to the consensus estimate of $184.75 million. During the same period in the prior year, the firm posted ($0.37) EPS. The firm’s quarterly revenue was up 169.5% on a year-over-year basis. On average, equities analysts predict that Bitdeer Technologies Group will post -1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of hedge funds have recently modified their holdings of BTDR. Fund Resources Investment Holding Group Co Ltd acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter worth $102,732,000. Bank of America Corp DE grew its holdings in shares of Bitdeer Technologies Group by 67.5% in the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock worth $72,753,000 after acquiring an additional 2,553,093 shares during the last quarter. Value Aligned Research Advisors LLC grew its holdings in shares of Bitdeer Technologies Group by 137.0% in the 4th quarter. Value Aligned Research Advisors LLC now owns 3,267,614 shares of the company’s stock worth $36,630,000 after acquiring an additional 1,888,825 shares during the last quarter. Azora Capital LP acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter worth $23,817,000. Finally, Situational Awareness LP grew its holdings in shares of Bitdeer Technologies Group by 92.3% in the 4th quarter. Situational Awareness LP now owns 1,788,000 shares of the company’s stock worth $20,043,000 after acquiring an additional 858,400 shares during the last quarter. 22.25% of the stock is currently owned by institutional investors and hedge funds.

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.