Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $17.67 and last traded at $16.08, with a volume of 13416375 shares. The stock had previously closed at $14.79.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Rosenblatt Securities upped their target price on Bitdeer Technologies Group from $9.00 to $17.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Needham & Company LLC reiterated a "buy" rating and set a $14.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. HC Wainwright increased their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Benchmark reiterated a "buy" rating and set a $16.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Finally, Northland Securities increased their price objective on Bitdeer Technologies Group from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group has an average rating of "Buy" and an average price target of $14.80.
Read Our Latest Stock Analysis on BTDR
Bitdeer Technologies Group Price Performance
The company has a market cap of $2.00 billion, a PE ratio of -34.88 and a beta of 2.27. The stock has a fifty day moving average price of $9.44 and a 200-day moving average price of $8.60.
Hedge Funds Weigh In On Bitdeer Technologies Group
A number of hedge funds have recently modified their holdings of the stock. Mirabella Financial Services LLP acquired a new position in Bitdeer Technologies Group during the third quarter worth $5,872,000. D1 Capital Partners L.P. acquired a new position in Bitdeer Technologies Group during the second quarter worth $5,386,000. Marshall Wace LLP acquired a new position in Bitdeer Technologies Group during the second quarter worth $5,074,000. Point72 Asset Management L.P. acquired a new position in Bitdeer Technologies Group during the second quarter worth $4,617,000. Finally, Point72 Hong Kong Ltd acquired a new position in Bitdeer Technologies Group during the second quarter worth $4,510,000. 22.25% of the stock is owned by institutional investors and hedge funds.
Bitdeer Technologies Group Company Profile
(
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.
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