What is Roth Capital's Estimate for BTDR FY2024 Earnings?

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Roth Capital lowered their FY2024 earnings per share estimates for shares of Bitdeer Technologies Group in a research report issued on Wednesday, January 8th. Roth Capital analyst D. Aftahi now forecasts that the company will earn ($0.85) per share for the year, down from their prior estimate of ($0.84). 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 ($0.32) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $0.21 EPS and FY2026 earnings at $1.50 EPS.

A number of other brokerages have also commented on BTDR. Roth Mkm increased their price objective on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. B. Riley increased their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Alliance Global Partners initiated coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price objective on the stock. Finally, Northland Securities raised their price target on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday. Ten 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, the company currently has a consensus rating of "Buy" and a consensus price target of $20.20.

Bitdeer Technologies Group Price Performance

NASDAQ BTDR opened at $18.50 on Monday. The firm has a market cap of $2.07 billion, a PE ratio of -35.58 and a beta of 2.09. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99. The stock's 50 day simple moving average is $16.64 and its 200 day simple moving average is $11.19.

Institutional Trading of Bitdeer Technologies Group

A number of institutional investors have recently bought and sold shares of the company. Mirabella Financial Services LLP bought a new stake in Bitdeer Technologies Group during the third quarter valued at $5,872,000. D1 Capital Partners L.P. acquired a new position in shares of Bitdeer Technologies Group during the second quarter valued at about $5,386,000. Marshall Wace LLP acquired a new position in shares of Bitdeer Technologies Group during the second quarter valued at about $5,074,000. Point72 Asset Management L.P. acquired a new position in shares of Bitdeer Technologies Group during the second quarter valued at about $4,617,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Bitdeer Technologies Group during the second quarter valued at about $4,510,000. Institutional investors own 22.25% of the company's stock.

About Bitdeer Technologies Group

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.