Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Equities research analysts at B. Riley upped their FY2024 earnings estimates for Bitdeer Technologies Group in a report released on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of ($0.62) for the year, up from their previous estimate of ($0.68). B. Riley has a "Buy" rating and a $24.00 price target on the stock. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.75) per share. B. Riley also issued estimates for Bitdeer Technologies Group's Q4 2024 earnings at ($0.14) EPS, FY2025 earnings at $0.58 EPS and FY2026 earnings at $1.01 EPS.
A number of other analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Roth Mkm upped their target price on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Rosenblatt Securities raised their target price on Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a "buy" rating in a report on Friday, December 6th. Alliance Global Partners assumed coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a "buy" rating and a $14.00 price target on the stock. Finally, Northland Capmk raised shares of Bitdeer Technologies Group to a "strong-buy" rating in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $19.80.
Check Out Our Latest Stock Report on BTDR
Bitdeer Technologies Group Stock Up 0.1 %
Shares of Bitdeer Technologies Group stock traded up $0.03 during trading hours on Monday, hitting $20.52. The company's stock had a trading volume of 5,837,287 shares, compared to its average volume of 3,054,888. The business has a fifty day moving average of $12.53 and a 200 day moving average of $9.80. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $25.51. The company has a market capitalization of $2.30 billion, a PE ratio of -39.46 and a beta of 2.27.
Hedge Funds Weigh In On Bitdeer Technologies Group
Several institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in Bitdeer Technologies Group by 281.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company's stock valued at $1,933,000 after acquiring an additional 182,110 shares in the last quarter. Millennium Management LLC increased its position in shares of Bitdeer Technologies Group by 901.0% in the 2nd quarter. Millennium Management LLC now owns 410,359 shares of the company's stock worth $4,210,000 after purchasing an additional 369,363 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $5,872,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Bitdeer Technologies Group during the third quarter worth about $220,000. Finally, Quadrature Capital Ltd bought a new position in shares of Bitdeer Technologies Group during the third quarter worth about $285,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.
About Bitdeer Technologies Group
(
Get Free Report)
Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.
Featured Stories
Before you consider Bitdeer Technologies Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bitdeer Technologies Group wasn't on the list.
While Bitdeer Technologies Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
