Bitdeer Technologies Group (NASDAQ:BTDR) Issues Earnings Results

Bitdeer Technologies Group (NASDAQ:BTDR) posted its earnings results on Tuesday. The company reported ($3.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($2.99), Zacks reports. Bitdeer Technologies Group had a negative net margin of 18.27% and a negative return on equity of 13.47%.

Bitdeer Technologies Group Price Performance

Shares of Bitdeer Technologies Group stock opened at $13.10 on Tuesday. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.99. The stock has a market cap of $1.47 billion, a PE ratio of -25.19 and a beta of 2.04. The firm has a fifty day moving average price of $19.02 and a 200 day moving average price of $12.80.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods initiated coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $26.50 price objective for the company. Needham & Company LLC raised their price target on Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 13th. HC Wainwright boosted their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. B. Riley increased their price objective on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $30.00 target price on shares of Bitdeer Technologies Group in a research report on Monday. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $22.23.

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.