Bitdeer Technologies Group (NASDAQ:BTDR) Rating Reiterated by Roth Mkm

Roth Mkm restated their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research note released on Monday morning, Benzinga reports. The firm currently has a $14.00 price target on the stock.

Several other analysts have also recently weighed in on BTDR. Needham & Company LLC reissued a buy rating and issued a $14.00 price objective on shares of Bitdeer Technologies Group in a research note on Wednesday, May 15th. B. Riley initiated coverage on shares of Bitdeer Technologies Group in a research note on Tuesday, March 12th. They issued a buy rating and a $9.00 price objective on the stock. HC Wainwright reissued a buy rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday, June 11th. Cantor Fitzgerald raised shares of Bitdeer Technologies Group to a strong-buy rating in a research report on Wednesday, June 12th. Finally, Rosenblatt Securities assumed coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, April 9th. They set a buy rating and a $10.50 price target on the stock. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $13.56.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ:BTDR opened at $10.59 on Monday. The company has a fifty day moving average of $7.09 and a 200-day moving average of $7.35. The company has a market capitalization of $1.19 billion, a PE ratio of -25.83 and a beta of 1.96. Bitdeer Technologies Group has a 52-week low of $2.77 and a 52-week high of $14.65.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings data on Monday, May 13th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). Bitdeer Technologies Group had a negative return on equity of 3.98% and a negative net margin of 11.21%. The business had revenue of $119.51 million during the quarter, compared to the consensus estimate of $119.12 million. On average, equities analysts forecast that Bitdeer Technologies Group will post -0.01 EPS for the current fiscal year.

Institutional Trading of Bitdeer Technologies Group

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Bitdeer Technologies Group in the 1st quarter valued at about $431,000. Vident Advisory LLC grew its stake in shares of Bitdeer Technologies Group by 186.4% in the 1st quarter. Vident Advisory LLC now owns 868,622 shares of the company’s stock valued at $6,098,000 after buying an additional 565,362 shares during the period. Van ECK Associates Corp grew its stake in shares of Bitdeer Technologies Group by 10.5% in the 1st quarter. Van ECK Associates Corp now owns 1,216,060 shares of the company’s stock valued at $8,537,000 after buying an additional 115,882 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at about $15,350,000. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at about $1,199,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Bitdeer Technologies Group Company Profile

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.