Shares of Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $18.50, but opened at $17.33. Bitdeer Technologies Group shares last traded at $17.58, with a volume of 1,524,408 shares.
Analyst Ratings Changes
BTDR has been the topic of several recent analyst reports. Roth Mkm lifted their price objective on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Benchmark lifted their price target 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. Cantor Fitzgerald restated an "overweight" rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. HC Wainwright boosted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Northland Securities increased their price target on Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday. Ten investment 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.com, Bitdeer Technologies Group currently has a consensus rating of "Buy" and an average price target of $21.00.
Check Out Our Latest Analysis on BTDR
Bitdeer Technologies Group Trading Down 7.5 %
The company has a 50-day moving average price of $16.64 and a two-hundred day moving average price of $11.19. The stock has a market cap of $1.92 billion, a P/E ratio of -32.90 and a beta of 2.09.
Institutional Investors Weigh In On Bitdeer Technologies Group
Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group in the third quarter worth approximately $66,000. Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth $91,000. Barclays PLC bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group during the third quarter valued at $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bitdeer Technologies Group in the third quarter valued at about $220,000. 22.25% of the stock is owned by hedge funds and other institutional investors.
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.
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