Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) had its price objective boosted by Roth Mkm from $14.00 to $15.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Mkm's price objective would suggest a potential upside of 29.98% from the company's current price.
A number of other brokerages also recently weighed in on BTDR. Cantor Fitzgerald reissued an "overweight" rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Needham & Company LLC restated a "buy" rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday. B. Riley lowered their price objective on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Alliance Global Partners started coverage on Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 target price for the company. Finally, Northland Capmk upgraded Bitdeer Technologies Group to a "strong-buy" rating in a report on Wednesday, October 9th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $14.80.
Check Out Our Latest Stock Analysis on BTDR
Bitdeer Technologies Group Stock Performance
NASDAQ BTDR traded down $0.31 on Tuesday, reaching $11.54. The company's stock had a trading volume of 4,587,026 shares, compared to its average volume of 2,260,789. Bitdeer Technologies Group has a twelve month low of $3.91 and a twelve month high of $14.27. The stock has a market cap of $1.29 billion, a PE ratio of -22.19 and a beta of 1.92. The firm's 50 day moving average is $8.04 and its two-hundred day moving average is $8.02.
Hedge Funds Weigh In On Bitdeer Technologies Group
A number of hedge funds have recently modified their holdings of BTDR. Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $66,000. Centiva Capital LP acquired a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $91,000. Barclays PLC acquired a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $220,000. 22.25% of the stock is owned by institutional investors and hedge funds.
About Bitdeer Technologies Group
(
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.
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