Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report)'s stock price traded down 3.7% on Tuesday . The stock traded as low as $7.66 and last traded at $7.58. 241,136 shares were traded during trading, a decline of 94% from the average session volume of 4,338,257 shares. The stock had previously closed at $7.87.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BTDR. Needham & Company LLC reduced their price objective on Bitdeer Technologies Group from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 price target for the company. Benchmark dropped their price objective on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. HC Wainwright restated a "buy" rating and set a $21.00 price target (down from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Finally, Roth Mkm reiterated a "buy" rating and set a $23.50 price objective (down from $29.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $19.70.
Get Our Latest Stock Analysis on BTDR
Bitdeer Technologies Group Stock Performance
The stock has a 50 day moving average of $10.55 and a two-hundred day moving average of $13.46. The firm has a market capitalization of $853.18 million, a P/E ratio of -14.65 and a beta of 2.25.
Institutional Trading of Bitdeer Technologies Group
Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP acquired a new position in Bitdeer Technologies Group in the 4th quarter valued at $42,000. Stonebridge Financial Group LLC bought a new stake in Bitdeer Technologies Group during the fourth quarter valued at about $65,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Bitdeer Technologies Group in the third quarter valued at about $66,000. SBI Securities Co. Ltd. bought a new position in shares of Bitdeer Technologies Group in the fourth quarter worth about $79,000. Finally, Wells Fargo & Company MN lifted its position in shares of Bitdeer Technologies Group by 56.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock worth $93,000 after purchasing an additional 1,540 shares during the last quarter. 22.25% of the stock is currently owned by institutional investors and hedge funds.
Bitdeer Technologies Group Company Profile
(
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.
Further Reading
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
