Q3 2024 Earnings Forecast for Bitdeer Technologies Group Issued By Northland Capmk (NASDAQ:BTDR)

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Stock analysts at Northland Capmk issued their Q3 2024 earnings per share estimates for Bitdeer Technologies Group in a note issued to investors on Wednesday, October 9th. Northland Capmk analyst M. Grondahl expects that the company will earn ($0.10) per share for the quarter. Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.31) per share. Northland Capmk also issued estimates for Bitdeer Technologies Group's Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.31) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.24 EPS.

A number of other brokerages have also recently commented on BTDR. Benchmark reiterated a "buy" rating and set a $16.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, August 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Needham & Company LLC reissued a "buy" rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a research note on Thursday, September 26th. Northland Securities started coverage on shares of Bitdeer Technologies Group in a report on Wednesday, October 9th. They set an "outperform" rating and a $13.00 price target for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $9.00 target price on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bitdeer Technologies Group has an average rating of "Buy" and a consensus target price of $13.70.

Bitdeer Technologies Group Stock Up 7.4 %

Shares of BTDR traded up $0.56 during mid-day trading on Monday, reaching $8.13. 2,416,862 shares of the company's stock were exchanged, compared to its average volume of 1,984,286. Bitdeer Technologies Group has a 52-week low of $2.77 and a 52-week high of $14.27. The company has a market cap of $910.28 million, a price-to-earnings ratio of -19.83 and a beta of 1.92. The company has a 50-day simple moving average of $7.02 and a two-hundred day simple moving average of $7.56.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). The business had revenue of $99.23 million for the quarter, compared to analysts' expectations of $110.79 million. Bitdeer Technologies Group had a negative net margin of 5.69% and a negative return on equity of 2.56%.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several institutional investors have recently bought and sold shares of the business. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Bitdeer Technologies Group during the second quarter worth $272,000. XTX Topco Ltd purchased a new position in Bitdeer Technologies Group in the 2nd quarter valued at about $276,000. Virtu Financial LLC acquired a new stake in shares of Bitdeer Technologies Group during the first quarter valued at about $431,000. Symmetry Investments LP purchased a new stake in shares of Bitdeer Technologies Group during the second quarter worth about $432,000. Finally, Thomist Capital Management LP purchased a new position in Bitdeer Technologies Group in the second quarter valued at about $1,156,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

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.