Bitdeer Technologies Group (NASDAQ:BTDR) Given New $18.00 Price Target at HC Wainwright

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) had its target price lifted by HC Wainwright from $17.00 to $18.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price target would suggest a potential upside of 55.98% from the company's current price.

Several other research analysts have also issued reports on BTDR. Rosenblatt Securities reiterated a "buy" rating and set a $9.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. Benchmark restated a "buy" rating and set a $16.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, August 13th. Northland Securities boosted their price target on Bitdeer Technologies Group from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Tuesday. Northland Capmk upgraded Bitdeer Technologies Group to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, Alliance Global Partners began coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a "buy" rating and a $14.00 price target on the stock. Ten equities research analysts have rated the stock with a buy rating and one has issued 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 $14.80.

Bitdeer Technologies Group Stock Down 2.6 %

Shares of NASDAQ:BTDR traded down $0.31 during trading on Tuesday, reaching $11.54. The stock had a trading volume of 4,099,104 shares, compared to its average volume of 2,258,106. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -60.42 and a beta of 1.92. The stock has a fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $8.02. Bitdeer Technologies Group has a 52 week low of $3.91 and a 52 week high of $14.27.

Hedge Funds Weigh In On Bitdeer Technologies Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $66,000. Centiva Capital LP purchased a new position in Bitdeer Technologies Group during the 3rd quarter worth $91,000. Barclays PLC acquired a new position in Bitdeer Technologies Group during the 3rd quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $169,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Bitdeer Technologies Group in the second quarter worth about $272,000. Institutional investors 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.