Analysts Set Bitdeer Technologies Group (NASDAQ:BTDR) Price Target at $21.50

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) has been assigned a consensus rating of "Buy" from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.23.

A number of brokerages have issued reports on BTDR. Roth Mkm increased their price objective on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Northland Capmk raised shares of Bitdeer Technologies Group to a "strong-buy" rating in a research note on Wednesday, October 9th. Northland Securities lifted their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Keefe, Bruyette & Woods started coverage on shares of Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 price objective for the company. Finally, HC Wainwright lifted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ BTDR traded up $0.01 during mid-day trading on Monday, reaching $16.26. The company's stock had a trading volume of 3,797,154 shares, compared to its average volume of 7,360,250. The stock has a fifty day moving average of $19.64 and a two-hundred day moving average of $12.18. The firm has a market capitalization of $1.82 billion, a PE ratio of -31.27 and a beta of 2.04. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $26.99.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of institutional investors and hedge funds have recently modified their holdings of BTDR. Stonebridge Financial Group LLC purchased a new stake in Bitdeer Technologies Group in the 4th quarter worth about $65,000. SBI Securities Co. Ltd. purchased a new stake in shares of Bitdeer Technologies Group in the fourth quarter worth approximately $79,000. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $66,000. Valliance Asset Management Ltd bought a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $217,000. Finally, Centiva Capital LP purchased a new position in Bitdeer Technologies Group during the 3rd quarter valued at $91,000. Hedge funds and other institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Company Profile

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.