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 year. 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 analysts have issued 1 year 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 share price to reach $13.64 in the next twelve months. This suggests a possible upside of 126.6% 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 beginning of the year. Since then, BTDR stock has decreased by 38.9% and is now trading at $6.02. View the best growth stocks for 2024 here .

Are investors shorting Bitdeer Technologies Group?

Bitdeer Technologies Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,240,000 shares, an increase of 28.0% from the March 15th total of 1,750,000 shares. Based on an average trading volume of 1,820,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 8.2% of the shares of the 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 .

What ETFs hold Bitdeer Technologies Group's stock?

ETFs with the largest weight of Bitdeer Technologies Group (NASDAQ:BTDR) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI) , VanEck Digital Transformation ETF (DAPP) , Invesco Alerian Galaxy Crypto Economy ETF (SATO) , Bitwise Crypto Industry Innovators ETF (BITQ) , First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) , Schwab Crypto Thematic ETF (STCE) , iShares Blockchain and Tech ETF (IBLC) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) .

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 institutional and retail 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 .

NASDAQ:BTDR

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

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$6.02

+0.33 (+5.80%)

(As of 04/19/2024 ET)

Compare

Today's Range: $5.71
▼
$6.17
50-Day Range: $5.42
▼
$9.16
52-Week Range: $2.77
▼
$14.65

Volume: 637,496 shs
Average Volume: 1.78 million shs
Market Capitalization: $674.06 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.64

Get Bitdeer Technologies Group alerts:

Bitdeer Technologies Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 126.6% Upside
$13.64 Price Target
Short Interest: Bearish
8.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.61
Based on 13 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.

2.65 out of 5 stars

Business Services Sector

179th out of 305 stocks

Nondepository Credit Institutions Industry

24th out of 45 stocks

4.5

Analyst's Opinion

Consensus Rating
Bitdeer Technologies Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Bitdeer Technologies Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
8.19% of the float of Bitdeer Technologies Group has been sold short.
Short Interest Ratio / Days to Cover
Bitdeer Technologies Group has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bitdeer Technologies Group has recently increased by 28.00%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Bitdeer Technologies Group does not currently pay a dividend.
Dividend Growth
Bitdeer Technologies Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BTDR.

3.1

News and Social Media Coverage

News Sentiment
Bitdeer Technologies Group has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Bitdeer Technologies Group this week, compared to 3 articles on an average week.
Search Interest
13 people have searched for BTDR on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Bitdeer Technologies Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bitdeer Technologies Group insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 22.25% of the stock of Bitdeer Technologies Group is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Bitdeer Technologies Group are expected to grow in the coming year, from ($0.07) to ($0.02) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bitdeer Technologies Group is -14.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bitdeer Technologies Group is -14.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Bitdeer Technologies Group has a P/B Ratio of 2.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Bitdeer Technologies Group Stock (NASDAQ:BTDR)

Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations. It has mining datacenters deployed in the United States and Norway. The company is headquartered in Singapore.

BTDR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BTDR Stock News Headlines

April 17, 2024 | americanbankingnews.com

Bitdeer Technologies Group (NASDAQ:BTDR) Shares Gap Up to $6.04

April 16, 2024 | msn.com

Needham Initiates Coverage of Bitdeer Technologies Group (BTDR) with Buy Recommendation

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 16, 2024 | americanbankingnews.com

Bitdeer Technologies Group (NASDAQ:BTDR) Receives New Coverage from Analysts at Needham & Company LLC

April 16, 2024 | americanbankingnews.com

Bitdeer Technologies Group (NASDAQ:BTDR) Given Buy Rating at Benchmark

April 15, 2024 | investorplace.com

BTIG Research Predicts Over 118% Rally for These 3 Stocks

April 15, 2024 | markets.businessinsider.com

Buy Rating for Bitdeer Technologies: Diversified Revenue and Low Production Costs Drive Positive Outlook

April 12, 2024 | americanbankingnews.com

Bitdeer Technologies Group (NASDAQ:BTDR) Receives $14.20 Average Target Price from Brokerages

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 11, 2024 | investorplace.com

Rocketing Returns: 3 Tech Stocks Set to Blast Off by 2026

April 10, 2024 | americanbankingnews.com

Bitdeer Technologies Group (NASDAQ:BTDR) Receives New Coverage from Analysts at Rosenblatt Securities

April 9, 2024 | investorplace.com

3 Must-Own Crypto Mining Stocks for Blockbuster Returns

April 5, 2024 | investing.com

Bitdeer Technologies announces expansion and operational updates

April 4, 2024 | msn.com

Bhutan to Upgrade Bitcoin Mining in Himalayas as ‘Halving’ Looms

April 4, 2024 | finanznachrichten.de

Bitdeer Technologies Group: Bitdeer Announces March 2024 Operations Updates

April 4, 2024 | globenewswire.com

Bitdeer Announces March 2024 Operations Updates

April 2, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Bitdeer Technologies Amid Strategic Growth and Enhanced Hash Rate Capacity

March 31, 2024 | finance.yahoo.com

Bitdeer Technologies Group Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

March 28, 2024 | globenewswire.com

Bitdeer Reports Financial Results for the Full Year 2023 and Operational Update

March 28, 2024 | insidermonkey.com

5 Crypto Stocks with Biggest Upside

March 27, 2024 | markets.businessinsider.com

Analyst Reaffirms Buy Rating for Bitdeer Technologies Amidst Aggressive Growth and Strategic Advancements

March 26, 2024 | finanznachrichten.de

Bitdeer Technologies Group: Bitdeer Announces Mining Expansion with SEALMINER Mining Machines

March 26, 2024 | finance.yahoo.com

Bitdeer Announces Mining Expansion with SEALMINER Mining Machines

March 25, 2024 | investorplace.com

7 Up-and-Coming Tech Stocks That Could Be the Next Superstars

March 18, 2024 | globenewswire.com

Bitdeer Announces Completion and Successful Validation of NVIDIA DGX SuperPOD H100 System

March 17, 2024 | finance.yahoo.com

BTDR Apr 2024 5.000 put

March 16, 2024 | au.finance.yahoo.com

BTDR Apr 2024 10.000 put

See More Headlines

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Company Calendar

Today: 4/19/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Nondepository credit institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:BTDR
CUSIP: N/A
CIK: 1899123
Web: www.bitdeer.com
Phone: 852-9258-9728
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: +126.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.42)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-56,660,000.00
Net Margins: -15.37%
Pretax Margin: -13.83%
Return on Equity: -7.34%
Return on Assets: -3.74%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.90
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $368.55 million
Price / Sales: 1.83
Cash Flow: $0.51 per share
Price / Cash Flow: 11.92
Book Value: $2.97 per share
Price / Book: 2.03

Miscellaneous

Outstanding Shares: 111,970,000
Free Float: N/A
Market Cap: $674.06 million
Optionable: Optionable
Beta: 1.70

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Key Executives

Mr. Jihan Wu (Age 37)
Founder, Chairman & CEO
Mr. Jianchun Liu (Age 46)
CFO, Head of Business Operations & Director
Mr. Linghui Kong (Age 41)
Chief Business Officer & Director
Mr. Haris Basit (Age 62)
Chief Strategy Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 year. 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 analysts have issued 1 year 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 share price to reach $13.64 in the next twelve months. This suggests a possible upside of 126.6% 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 beginning of the year. Since then, BTDR stock has decreased by 38.9% and is now trading at $6.02.
View the best growth stocks for 2024 here.
Are investors shorting Bitdeer Technologies Group?: Bitdeer Technologies Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,240,000 shares, an increase of 28.0% from the March 15th total of 1,750,000 shares. Based on an average trading volume of 1,820,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 8.2% of the shares of the 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.

What ETFs hold Bitdeer Technologies Group's stock?: ETFs with the largest weight of Bitdeer Technologies Group (NASDAQ:BTDR) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Bitwise Crypto Industry Innovators ETF (BITQ), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), Schwab Crypto Thematic ETF (STCE), iShares Blockchain and Tech ETF (IBLC) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC).
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 institutional and retail 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 4/20/2024 by MarketBeat.com Staff

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

Bitdeer Technologies Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Bitdeer Technologies Group Stock (NASDAQ:BTDR)

BTDR Stock Price History

BTDR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

BTDR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™