Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) saw unusually-high trading volume on Monday . Approximately 3,835,968 shares were traded during trading, an increase of 24% from the previous session's volume of 3,099,579 shares.The stock last traded at $20.35 and had previously closed at $23.65.
Wall Street Analysts Forecast Growth
BTDR has been the topic of several recent research reports. Benchmark upped their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a "buy" rating in a report on Monday, December 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Northland Capmk raised Bitdeer Technologies Group to a "strong-buy" rating in a research report on Wednesday, October 9th. Cantor Fitzgerald reissued an "overweight" rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Finally, Rosenblatt Securities raised their target price on Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a "buy" rating in a report 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, the company presently has a consensus rating of "Buy" and an average target price of $19.80.
Check Out Our Latest Stock Analysis on Bitdeer Technologies Group
Bitdeer Technologies Group Price Performance
The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -42.86 and a beta of 2.27. The firm has a fifty day simple moving average of $14.03 and a 200 day simple moving average of $10.35.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mirabella Financial Services LLP purchased a new position in Bitdeer Technologies Group in the 3rd quarter valued at about $5,872,000. D1 Capital Partners L.P. acquired a new position in shares of Bitdeer Technologies Group during the second quarter valued at approximately $5,386,000. Marshall Wace LLP purchased a new position in shares of Bitdeer Technologies Group in the second quarter valued at approximately $5,074,000. Point72 Asset Management L.P. acquired a new stake in shares of Bitdeer Technologies Group in the second quarter worth approximately $4,617,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Bitdeer Technologies Group during the second quarter worth approximately $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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