Roth Capital Has Positive Outlook of BTDR FY2024 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR) – Equities researchers at Roth Capital increased their FY2024 earnings per share estimates for shares of Bitdeer Technologies Group in a research note issued to investors on Tuesday, December 17th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of ($0.84) for the year, up from their prior estimate of ($0.87). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.75) per share. Roth Capital also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.31) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $0.30 EPS and FY2026 earnings at $1.59 EPS.

A number of other research analysts have also recently issued reports on BTDR. Alliance Global Partners initiated coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Benchmark increased their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th. HC Wainwright boosted their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Rosenblatt Securities increased their price target on Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $19.80.

Bitdeer Technologies Group Stock Performance

Bitdeer Technologies Group stock opened at $18.14 on Thursday. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $25.51. The stock has a market capitalization of $2.03 billion, a P/E ratio of -34.88 and a beta of 2.27. The stock has a fifty day moving average of $12.27 and a 200-day moving average of $9.67.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $66,000. Centiva Capital LP acquired a new position in shares of Bitdeer Technologies Group in the third quarter worth approximately $91,000. Barclays PLC bought a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $169,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Bitdeer Technologies Group during the 2nd quarter valued at approximately $272,000. 22.25% of the stock is owned by institutional investors.

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.