Roth Capital Has Positive Forecast for BTDR FY2024 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Roth Capital upped their FY2024 earnings estimates for Bitdeer Technologies Group in a note issued to investors on Tuesday, December 17th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings of ($0.84) per share for the year, up from their prior forecast of ($0.87). The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.75) per share. Roth Capital also issued estimates for Bitdeer Technologies Group's Q4 2024 earnings at ($0.31) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $0.30 EPS and FY2026 earnings at $1.59 EPS.

Several other research analysts have also issued reports on BTDR. Benchmark increased their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Rosenblatt Securities increased their target price on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price target on the stock. HC Wainwright raised their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, Roth Mkm lifted their target price on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $19.80.

Bitdeer Technologies Group Stock Performance

Shares of BTDR stock traded down $1.26 during trading hours on Thursday, hitting $18.14. The company had a trading volume of 9,174,034 shares, compared to its average volume of 3,013,159. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $25.51. The firm's fifty day moving average is $12.27 and its 200 day moving average is $9.67. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -34.88 and a beta of 2.27.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BTDR. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group during the third quarter worth $66,000. Centiva Capital LP bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth about $91,000. Barclays PLC bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth about $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Bitdeer Technologies Group during the 3rd quarter valued at about $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $220,000. 22.25% of the stock is currently owned by 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.