Bitdeer Technologies Group (NASDAQ:BTDR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Bitdeer Technologies Group (NASDAQ:BTDR) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $25.4545.

Several equities research analysts have recently commented on BTDR shares. Weiss Ratings raised shares of Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Bitdeer Technologies Group in a report on Wednesday, May 20th. Rosenblatt Securities boosted their target price on shares of Bitdeer Technologies Group from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Zacks Research raised shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Citizens Jmp initiated coverage on shares of Bitdeer Technologies Group in a research report on Wednesday, June 24th. They issued a “market outperform” rating and a $35.00 price target on the stock.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several hedge funds and other institutional investors have recently modified their holdings of BTDR. Empowered Funds LLC purchased a new position in Bitdeer Technologies Group during the fourth quarter valued at $34,000. GAMMA Investing LLC grew its holdings in Bitdeer Technologies Group by 57.3% during the second quarter. GAMMA Investing LLC now owns 2,476 shares of the company’s stock valued at $39,000 after purchasing an additional 902 shares during the period. Kestra Advisory Services LLC purchased a new stake in Bitdeer Technologies Group in the fourth quarter worth about $39,000. Hollencrest Capital Management purchased a new stake in Bitdeer Technologies Group in the first quarter worth about $43,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Bitdeer Technologies Group in the second quarter worth about $66,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Stock Performance

Shares of BTDR opened at $10.74 on Monday. The firm has a market capitalization of $2.53 billion, a P/E ratio of -3.11 and a beta of 2.47. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.85 and a quick ratio of 1.11. Bitdeer Technologies Group has a one year low of $6.92 and a one year high of $27.80. The business has a fifty day moving average of $15.52 and a 200 day moving average of $12.52.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its earnings results on Thursday, May 14th. The company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). The firm had revenue of $188.93 million during the quarter, compared to the consensus estimate of $184.02 million. Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 69.95%. The firm’s revenue was up 169.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.37) EPS. As a group, sell-side analysts anticipate that Bitdeer Technologies Group will post -1.18 EPS for the current year.

About Bitdeer Technologies Group

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.