Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report)'s stock price traded down 4.5% during trading on Monday . The stock traded as low as $19.52 and last traded at $19.57. 2,810,037 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 3,042,199 shares. The stock had previously closed at $20.49.
Analyst Ratings Changes
BTDR has been the topic of several research analyst reports. Northland Capmk raised shares of Bitdeer Technologies Group to a "strong-buy" rating in a research note on Wednesday, October 9th. HC Wainwright lifted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. B. Riley boosted their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday. Roth Mkm raised their target price on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, Benchmark boosted their price target on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of "Buy" and an average price target of $19.80.
Get Our Latest Stock Analysis on Bitdeer Technologies Group
Bitdeer Technologies Group Stock Up 0.1 %
The stock has a market capitalization of $2.30 billion, a P/E ratio of -39.46 and a beta of 2.27. The stock has a 50 day simple moving average of $12.53 and a two-hundred day simple moving average of $9.80.
Hedge Funds Weigh In On Bitdeer Technologies Group
Several hedge funds and other institutional investors have recently made changes to their positions in BTDR. Public Employees Retirement System of Ohio bought a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $66,000. Centiva Capital LP acquired a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $91,000. Barclays PLC bought a new stake in Bitdeer Technologies Group in the 3rd quarter valued at $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Bitdeer Technologies Group during the third quarter worth $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Bitdeer Technologies Group in the third quarter valued at about $220,000. 22.25% of the stock is owned by institutional investors.
About Bitdeer Technologies Group
(
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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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