Shares of Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $11.09, but opened at $10.75. Bitdeer Technologies Group shares last traded at $9.91, with a volume of 3,258,912 shares.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on BTDR. Alliance Global Partners began coverage on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. They set a "buy" rating and a $14.00 price target on the stock. Northland Securities initiated coverage on Bitdeer Technologies Group in a research note on Wednesday, October 9th. They issued an "outperform" rating and a $13.00 target price for the company. Northland Capmk raised Bitdeer Technologies Group to a "strong-buy" rating in a research note on Wednesday, October 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Finally, B. Riley reduced their target price on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $13.70.
View Our Latest Analysis on Bitdeer Technologies Group
Bitdeer Technologies Group Price Performance
The company's 50 day simple moving average is $8.04 and its 200 day simple moving average is $8.02. The stock has a market cap of $1.33 billion, a P/E ratio of -62.37 and a beta of 1.92.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTDR. Vident Advisory LLC grew its position in shares of Bitdeer Technologies Group by 186.4% in the 1st quarter. Vident Advisory LLC now owns 868,622 shares of the company's stock valued at $6,098,000 after purchasing an additional 565,362 shares during the period. Mirabella Financial Services LLP acquired a new position in Bitdeer Technologies Group in the 3rd quarter worth $5,872,000. D1 Capital Partners L.P. acquired a new position in Bitdeer Technologies Group in the 2nd quarter worth $5,386,000. Marshall Wace LLP bought a new position in Bitdeer Technologies Group during the 2nd quarter worth about $5,074,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at about $4,617,000. 22.25% of the stock is owned by institutional investors and hedge funds.
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.
See Also
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
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
