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Bitdeer Technologies Group (BTDR) Stock Price, News & Analysis

Bitdeer Technologies Group logo
$11.54 +0.35 (+3.13%)
(As of 11/22/2024 ET)

About Bitdeer Technologies Group Stock (NASDAQ:BTDR)

Key Stats

Today's Range
$10.56
$12.25
50-Day Range
$6.77
$11.89
52-Week Range
$4.10
$14.27
Volume
13.17 million shs
Average Volume
5.55 million shs
Market Capitalization
$1.29 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.80
Consensus Rating
Buy

Company Overview

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. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.

Bitdeer Technologies Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
62nd Percentile Overall Score

BTDR MarketRank™: 

Bitdeer Technologies Group scored higher than 62% of companies evaluated by MarketBeat, and ranked 142nd out of 323 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Bitdeer Technologies Group has received a consensus rating of Buy. The company's average rating score is 3.09, and is based on 10 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Bitdeer Technologies Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Bitdeer Technologies Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Bitdeer Technologies Group are expected to grow in the coming year, from ($0.46) to $0.21 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Bitdeer Technologies Group is -22.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Bitdeer Technologies Group is -22.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Bitdeer Technologies Group has a P/B Ratio of 3.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    31.58% of the float of Bitdeer Technologies Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Bitdeer Technologies Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Bitdeer Technologies Group has recently increased by 8.62%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Bitdeer Technologies Group does not currently pay a dividend.

  • Dividend Growth

    Bitdeer Technologies Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    31.58% of the float of Bitdeer Technologies Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Bitdeer Technologies Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Bitdeer Technologies Group has recently increased by 8.62%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Bitdeer Technologies Group has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 35 news articles for Bitdeer Technologies Group this week, compared to 5 articles on an average week.
  • Search Interest

    2 people have searched for BTDR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Bitdeer Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
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BTDR Stock News Headlines

Buffett Dumps $982 Million in BofA Stock—What Does He Know?
Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track record starts pulling out of the market, it's time to pay attention.
Bitdeer Technologies Group (NASDAQ:BTDR) Shares Gap Up on Analyst Upgrade
Bitdeer Technologies (BTDR) Receives a Buy from Northland Securities
See More Headlines

BTDR Stock Analysis - Frequently Asked Questions

Bitdeer Technologies Group's stock was trading at $9.86 at the start of the year. Since then, BTDR stock has increased by 17.0% and is now trading at $11.54.
View the best growth stocks for 2024 here
.

Bitdeer Technologies Group's top institutional shareholders include Mirabella Financial Services LLP (0.67%), Geode Capital Management LLC (0.33%), Exchange Traded Concepts LLC (0.29%) and Charles Schwab Investment Management Inc. (0.22%).

Shares of BTDR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Bitdeer Technologies Group investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Advanced Micro Devices (AMD), Arista Networks (ANET) and CrowdStrike (CRWD).

Company Calendar

Today
11/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:BTDR
Fax
N/A
Employees
211
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.80
High Stock Price Target
$18.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+28.2%
Consensus Rating
Buy
Rating Score (0-4)
3.09
Research Coverage
11 Analysts

Profitability

Net Income
$-56,660,000.00
Pretax Margin
-3.19%

Debt

Sales & Book Value

Annual Sales
$368.55 million
Cash Flow
$0.48 per share
Book Value
$2.97 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.29 billion
Optionable
Optionable
Beta
1.92
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This page (NASDAQ:BTDR) was last updated on 11/23/2024 by MarketBeat.com Staff
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