Bitdeer Technologies Group (NASDAQ:BTDR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bitdeer Technologies Group (NASDAQ:BTDR) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.60.

BTDR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $14.00 target price (down from $26.50) on shares of Bitdeer Technologies Group in a research note on Tuesday, January 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research note on Wednesday, January 21st. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price target on shares of Bitdeer Technologies Group in a research note on Wednesday, March 18th. Benchmark reduced their price target on shares of Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Finally, BTIG Research reissued a “buy” rating on shares of Bitdeer Technologies Group in a research note on Friday, January 16th.

Bitdeer Technologies Group Price Performance

Shares of BTDR stock opened at $10.36 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.91 and a quick ratio of 0.75. The firm’s 50-day moving average is $9.35 and its two-hundred day moving average is $13.36. Bitdeer Technologies Group has a 12 month low of $6.84 and a 12 month high of $27.80. The company has a market capitalization of $2.19 billion, a PE ratio of -3.30 and a beta of 2.28.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its earnings results on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.59). Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The firm had revenue of $224.84 million for the quarter, compared to analysts’ expectations of $208.25 million. The firm’s revenue was up 225.8% compared to the same quarter last year. Analysts predict that Bitdeer Technologies Group will post -0.73 earnings per share for the current year.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of institutional investors and hedge funds have recently made changes to their positions in BTDR. Great Lakes Advisors LLC acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at approximately $1,355,000. Tudor Investment Corp ET AL acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at approximately $6,792,000. Neo Ivy Capital Management acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at approximately $3,427,000. Keystone Investors PTE Ltd. acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at approximately $7,844,000. Finally, Voya Investment Management LLC grew its holdings in shares of Bitdeer Technologies Group by 421.6% in the third quarter. Voya Investment Management LLC now owns 128,331 shares of the company’s stock valued at $2,193,000 after purchasing an additional 103,730 shares in the last quarter. 22.25% of the stock is owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.