Bitdeer Technologies Group (BTDR) Stock Price, News & Analysis

Company Overview

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. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.

Key Stats

• Today's Range: $18.00 to $20.85
• 50-Day Range: $7.13 to $23.14
• 52-Week Range: $5.23 to $25.51
• Volume: 10.40 million shs
• Average Volume: 3.04 million shs
• Market Capitalization: $2.29 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $19.80
• Consensus Rating: Buy

Bitdeer Technologies Group Stock Analysis - MarketRank™

Bitdeer Technologies Group scored higher than 35% of companies evaluated by MarketBeat, and ranked 235th out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Bitdeer Technologies Group has received a consensus rating of Buy. The company's average rating score is 3.09, and is based on 10 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bitdeer Technologies Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Bitdeer Technologies Group are expected to grow in the coming year, from ($0.75) to ($0.26) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bitdeer Technologies Group is -39.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bitdeer Technologies Group is -39.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Bitdeer Technologies Group has a P/B Ratio of 6.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

28.75% of the float of Bitdeer Technologies Group has been sold short.

Short Interest Ratio / Days to Cover

Bitdeer Technologies Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bitdeer Technologies Group has recently decreased by 22.37%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bitdeer Technologies Group does not currently pay a dividend.

Dividend Growth

Bitdeer Technologies Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

28.75% of the float of Bitdeer Technologies Group has been sold short.

Short Interest Ratio / Days to Cover

Bitdeer Technologies Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bitdeer Technologies Group has recently decreased by 22.37%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.66

News Sentiment

Bitdeer Technologies Group has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 24 news articles for Bitdeer Technologies Group this week, compared to 6 articles on an average week.

Search Interest

30 people have searched for BTDR on MarketBeat in the last 30 days. This is an increase of 2,900% compared to the previous 30 days.

MarketBeat Follows

35 people have added Bitdeer Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 775% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Bitdeer Technologies Group insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 22.25% of the stock of Bitdeer Technologies Group is held by institutions.

BTDR Stock Analysis - Frequently Asked Questions

How have BTDR shares performed this year?

Bitdeer Technologies Group's stock was trading at $9.86 at the beginning of 2024. Since then, BTDR shares have increased by 107.8% and is now trading at $20.49.
View the best growth stocks for 2024 here.

Who are Bitdeer Technologies Group's major shareholders?

Bitdeer Technologies Group's top institutional shareholders include Mirabella Financial Services LLP (0.67%), Geode Capital Management LLC (0.33%), Exchange Traded Concepts LLC (0.29%) and Charles Schwab Investment Management Inc. (0.22%).

How do I buy shares of Bitdeer Technologies Group?

Shares of BTDR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Bitdeer Technologies Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bitdeer Technologies Group investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Advanced Micro Devices (AMD), Arista Networks (ANET) and CrowdStrike (CRWD).

Company Calendar

• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:BTDR
• CUSIP: N/A
• CIK: 1899123
• Web: www.bitdeer.com
• Phone: 852-9258-9728
• Fax: N/A
• Employees: 211
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $19.80
• High Stock Price Target: $29.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: -3.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.09
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.52)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-56,660,000.00
• Net Margins: -18.27%
• Pretax Margin: -16.18%
• Return on Equity: -13.47%
• Return on Assets: -7.24%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.94
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $395.61 million
• Price / Sales: 5.80
• Cash Flow: $0.48 per share
• Price / Cash Flow: 42.88
• Book Value: $2.97 per share
• Price / Book: 6.90

Miscellaneous

• Outstanding Shares: 111,966,000
• Free Float: N/A
• Market Cap: $2.29 billion
• Optionable: Optionable
• Beta: 2.27