Bitdeer Technologies Group (NASDAQ:BTDR) Given New $24.00 Price Target at B. Riley

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) had its price target hoisted by B. Riley from $15.00 to $24.00 in a research report released on Thursday,Benzinga reports. B. Riley currently has a buy rating on the stock.

A number of other research analysts also recently commented on BTDR. 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 report on Tuesday. Rosenblatt Securities lifted their price objective on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a "buy" rating in a report on Friday, December 6th. Benchmark boosted their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $19.80.

Bitdeer Technologies Group Price Performance

Shares of BTDR stock traded down $1.26 during mid-day trading on Thursday, hitting $18.14. The stock had a trading volume of 9,174,034 shares, compared to its average volume of 3,013,159. Bitdeer Technologies Group has a 12-month low of $5.23 and a 12-month high of $25.51. The firm's 50-day moving average is $12.05 and its two-hundred day moving average is $9.61. The firm has a market capitalization of $2.03 billion, a P/E ratio of -34.88 and a beta of 2.27.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth about $66,000. Centiva Capital LP acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $91,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group in the third quarter worth about $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Bitdeer Technologies Group in the 3rd quarter worth about $169,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $272,000. Institutional investors and hedge funds own 22.25% of the company's stock.

Bitdeer Technologies Group Company Profile

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.