NASDAQ:BTDR

Bitdeer Technologies Group (BTDR) Stock Price, News & Analysis

$6.35
-0.11 (-1.70%)
(As of 04/26/2024 ET)
Today's Range
$6.28
$6.59
50-Day Range
$5.42
$8.34
52-Week Range
$2.77
$14.65
Volume
524,032 shs
Average Volume
1.71 million shs
Market Capitalization
$711.01 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.64

Bitdeer Technologies Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
114.8% Upside
$13.64 Price Target
Short Interest
Healthy
5.95% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Bitdeer Technologies Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.07) to ($0.02) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.32 out of 5 stars

Computer And Technology Sector

254th out of 591 stocks

Software - Application Industry

1st out of 2 stocks

BTDR stock logo

About Bitdeer Technologies Group Stock (NASDAQ:BTDR)

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. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.

BTDR Stock Price History

BTDR Stock News Headlines

Beyond the Halving: The Future of Bitcoin Mining Stocks
Bitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity.
Beyond the Halving: The Future of Bitcoin Mining Stocks (BTDR)
The Bitcoin halving event presents challenges and opportunities for mining companies, necessitating adaptation and innovation to thrive in the evolving sector.
Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
7 Stocks to Buy Right After the April Bitcoin Halving
Bitdeer Technologies Group (NASDAQ:BTDR) Shares Gap Up to $6.04
Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
Bitdeer Announces March 2024 Operations Updates
5 Crypto Stocks with Biggest Upside
See More Headlines
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Company Calendar

Last Earnings
3/28/2024
Today
4/26/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
N/A
Current Symbol
NASDAQ:BTDR
Fax
N/A
Employees
211
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.64
High Stock Price Target
$20.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+114.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$-56,660,000.00
Pretax Margin
-13.83%

Debt

Sales & Book Value

Annual Sales
$368.55 million
Cash Flow
$0.46 per share
Book Value
$2.97 per share

Miscellaneous

Free Float
N/A
Market Cap
$711.01 million
Optionable
Optionable
Beta
1.70
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BTDR Stock Analysis - Frequently Asked Questions

Should I buy or sell Bitdeer Technologies Group stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bitdeer Technologies Group in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BTDR shares.
View BTDR analyst ratings
or view top-rated stocks.

What is Bitdeer Technologies Group's stock price target for 2024?

7 brokerages have issued 12-month price targets for Bitdeer Technologies Group's shares. Their BTDR share price targets range from $9.00 to $20.00. On average, they predict the company's stock price to reach $13.64 in the next twelve months. This suggests a possible upside of 114.8% from the stock's current price.
View analysts price targets for BTDR
or view top-rated stocks among Wall Street analysts.

How have BTDR shares performed in 2024?

Bitdeer Technologies Group's stock was trading at $9.86 at the start of the year. Since then, BTDR shares have decreased by 35.6% and is now trading at $6.35.
View the best growth stocks for 2024 here
.

Are investors shorting Bitdeer Technologies Group?

Bitdeer Technologies Group saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,760,000 shares, a decrease of 21.4% from the March 31st total of 2,240,000 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 6.0% of the company's stock are short sold.
View Bitdeer Technologies Group's Short Interest
.

When is Bitdeer Technologies Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our BTDR earnings forecast
.

How were Bitdeer Technologies Group's earnings last quarter?

Bitdeer Technologies Group (NASDAQ:BTDR) released its quarterly earnings data on Thursday, March, 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by $0.15. The company earned $114.85 million during the quarter. Bitdeer Technologies Group had a negative trailing twelve-month return on equity of 7.34% and a negative net margin of 15.37%.

What guidance has Bitdeer Technologies Group issued on next quarter's earnings?

Bitdeer Technologies Group updated its fourth quarter 2023 earnings guidance on Monday, March, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $114.8 million-$114.8 million, compared to the consensus revenue estimate of $117.3 million.

Who are Bitdeer Technologies Group's major shareholders?

Bitdeer Technologies Group's stock is owned by a number of retail and institutional investors. Top institutional investors include EDBI Pte Ltd (0.09%).

How do I buy shares of Bitdeer Technologies Group?

Shares of BTDR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BTDR) was last updated on 4/26/2024 by MarketBeat.com Staff

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