Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $26.24 and last traded at $24.82, with a volume of 2209476 shares. The stock had previously closed at $24.46.
Analyst Upgrades and Downgrades
BTDR has been the topic of a number of recent analyst reports. Alliance Global Partners assumed coverage on Bitdeer Technologies Group in a report on Tuesday, October 8th. They set a "buy" rating and a $14.00 price target on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research note on Tuesday, November 19th. B. Riley boosted their price target on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. HC Wainwright lifted their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Rosenblatt Securities increased their target price on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bitdeer Technologies Group has a consensus rating of "Buy" and an average target price of $19.80.
Read Our Latest Research Report on BTDR
Bitdeer Technologies Group Stock Down 3.3 %
The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -45.48 and a beta of 2.27. The company has a 50-day moving average price of $14.03 and a 200 day moving average price of $10.32.
Hedge Funds Weigh In On Bitdeer Technologies Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. Mirabella Financial Services LLP acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth approximately $5,872,000. D1 Capital Partners L.P. purchased a new stake in Bitdeer Technologies Group in the 2nd quarter worth approximately $5,386,000. Marshall Wace LLP acquired a new stake in shares of Bitdeer Technologies Group during the 2nd quarter valued at $5,074,000. Point72 Asset Management L.P. purchased a new position in shares of Bitdeer Technologies Group during the 2nd quarter valued at $4,617,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Bitdeer Technologies Group in the second quarter worth $4,510,000. Hedge funds and other institutional investors own 22.25% of the company's stock.
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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