Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report)'s stock price was down 5.2% during mid-day trading on Tuesday . The stock traded as low as $15.76 and last traded at $15.64. Approximately 1,636,587 shares traded hands during trading, a decline of 75% from the average daily volume of 6,529,557 shares. The stock had previously closed at $16.50.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on BTDR shares. Keefe, Bruyette & Woods started coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They set an "outperform" rating and a $26.50 target price for the company. Benchmark increased 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 report on Monday, December 9th. Northland Securities increased their price objective on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Needham & Company LLC increased their price objective on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, Roth Mkm increased their price objective on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $22.23.
Read Our Latest Analysis on BTDR
Bitdeer Technologies Group Stock Performance
The company has a 50 day moving average price of $19.22 and a 200 day moving average price of $12.70. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -25.16 and a beta of 2.04.
Institutional Trading of Bitdeer Technologies Group
Several large investors have recently made changes to their positions in the company. Quarry LP acquired a new position in Bitdeer Technologies Group during the fourth quarter worth $42,000. Stonebridge Financial Group LLC acquired a new position in Bitdeer Technologies Group during the fourth quarter worth $65,000. Public Employees Retirement System of Ohio acquired a new position in Bitdeer Technologies Group during the third quarter worth $66,000. SBI Securities Co. Ltd. acquired a new position in Bitdeer Technologies Group during the fourth quarter worth $79,000. Finally, Centiva Capital LP acquired a new position in Bitdeer Technologies Group during the third quarter worth $91,000. 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.
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