Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Analysts at HC Wainwright cut their Q1 2025 EPS estimates for Bitdeer Technologies Group in a research report issued on Wednesday, February 26th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of ($0.53) per share for the quarter, down from their prior estimate of ($0.20). HC Wainwright has a "Buy" rating and a $21.00 price objective on the stock. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.73) per share. HC Wainwright also issued estimates for Bitdeer Technologies Group's Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at $0.22 EPS and FY2025 earnings at ($0.69) EPS.
Other analysts have also issued research reports about the stock. Rosenblatt Securities reissued a "buy" rating and issued a $30.00 price objective on shares of Bitdeer Technologies Group in a research report on Monday, February 24th. Needham & Company LLC cut their price objective on shares of Bitdeer Technologies Group from $22.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Northland Securities boosted their price objective on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Roth Mkm reissued a "buy" rating and issued a $23.50 price objective (down previously from $29.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. Finally, Benchmark cut their price objective on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $21.18.
Check Out Our Latest Report on BTDR
Bitdeer Technologies Group Stock Down 6.3 %
Shares of BTDR stock traded down $0.73 during trading on Monday, reaching $10.95. The company's stock had a trading volume of 6,678,812 shares, compared to its average volume of 7,326,626. The business has a fifty day moving average price of $17.35 and a 200-day moving average price of $12.93. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -21.06 and a beta of 2.12. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99.
Hedge Funds Weigh In On Bitdeer Technologies Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Yong Rong HK Asset Management Ltd acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at $65,010,000. Trivest Advisors Ltd acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at $48,481,000. Van ECK Associates Corp acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at $29,125,000. Renaissance Technologies LLC increased its holdings in shares of Bitdeer Technologies Group by 3,558.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock valued at $26,876,000 after purchasing an additional 1,206,361 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Bitdeer Technologies Group by 29.7% in the fourth quarter. Vident Advisory LLC now owns 1,139,619 shares of the company's stock valued at $24,696,000 after purchasing an additional 260,649 shares during the last quarter. 22.25% of the stock is currently owned by institutional investors and hedge funds.
Bitdeer Technologies Group Company Profile
(
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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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