Shares of Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 2,554,151 shares were traded during mid-day trading, an increase of 27% from the previous session's volume of 2,011,121 shares.The stock last traded at $9.28 and had previously closed at $9.37.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on BTDR shares. Northland Capmk raised shares of Bitdeer Technologies Group to a "strong-buy" rating in a research report on Wednesday, October 9th. Northland Securities started coverage on shares of Bitdeer Technologies Group in a research report on Wednesday, October 9th. They set an "outperform" rating and a $13.00 price objective for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Benchmark reaffirmed a "buy" rating and set a $16.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, August 13th. Finally, HC Wainwright cut their price objective on shares of Bitdeer Technologies Group from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Bitdeer Technologies Group presently has an average rating of "Buy" and an average target price of $13.70.
Get Our Latest Stock Report on Bitdeer Technologies Group
Bitdeer Technologies Group Stock Down 1.5 %
The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -22.51 and a beta of 1.92. The company has a 50 day simple moving average of $7.17 and a 200 day simple moving average of $7.66.
Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last issued its earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06). Bitdeer Technologies Group had a negative return on equity of 2.56% and a negative net margin of 5.69%. The business had revenue of $99.23 million for the quarter, compared to analyst estimates of $110.79 million. As a group, analysts predict that Bitdeer Technologies Group will post -0.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Bitdeer Technologies Group by 10.5% in the first quarter. Van ECK Associates Corp now owns 1,216,060 shares of the company's stock valued at $8,537,000 after buying an additional 115,882 shares during the period. Vident Advisory LLC increased its stake in shares of Bitdeer Technologies Group by 186.4% in the first quarter. Vident Advisory LLC now owns 868,622 shares of the company's stock valued at $6,098,000 after buying an additional 565,362 shares during the period. D1 Capital Partners L.P. acquired a new position in shares of Bitdeer Technologies Group in the second quarter valued at approximately $5,386,000. Marshall Wace LLP acquired a new position in shares of Bitdeer Technologies Group in the second quarter valued at approximately $5,074,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Bitdeer Technologies Group in the second quarter valued at approximately $4,617,000. Institutional investors and hedge funds own 22.25% of the company's stock.
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.
Featured Stories
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.