Bitdeer Technologies Group (NASDAQ:BTDR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bitdeer Technologies Group (NASDAQ:BTDR) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $25.4545.

BTDR has been the subject of a number of analyst reports. Rosenblatt Securities upped their target price on Bitdeer Technologies Group from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Needham & Company LLC boosted their price target on Bitdeer Technologies Group from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Zacks Research upgraded Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. B. Riley Financial raised their price objective on Bitdeer Technologies Group from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Cantor Fitzgerald lifted their target price on Bitdeer Technologies Group from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, May 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Bitdeer Technologies Group by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,476 shares of the company’s stock worth $39,000 after buying an additional 902 shares during the last quarter. Empowered Funds LLC acquired a new position in Bitdeer Technologies Group during the 4th quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new position in Bitdeer Technologies Group during the 4th quarter valued at approximately $39,000. FNY Investment Advisers LLC purchased a new position in shares of Bitdeer Technologies Group in the second quarter worth $66,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Bitdeer Technologies Group during the first quarter worth $43,000. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Price Performance

Shares of Bitdeer Technologies Group stock opened at $10.74 on Monday. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -3.11 and a beta of 2.47. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.11 and a current ratio of 1.85. The stock has a 50 day moving average price of $15.52 and a 200-day moving average price of $12.51. Bitdeer Technologies Group has a one year low of $6.92 and a one year high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $184.02 million. During the same period in the prior year, the business posted ($0.37) earnings per share. Bitdeer Technologies Group’s revenue was up 169.5% on a year-over-year basis. Equities analysts expect that Bitdeer Technologies Group will post -1.18 EPS for the current 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.