Bitdeer Technologies Group (NASDAQ:BTDR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Bitdeer Technologies Group (NASDAQ:BTDR) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $26.60.

Several equities research analysts have recently issued reports on BTDR shares. BTIG Research reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, January 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $14.00 price objective (down from $26.50) on shares of Bitdeer Technologies Group in a research report on Tuesday, January 27th. Zacks Research downgraded Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a research report on Monday, March 16th. Finally, HC Wainwright lowered their price target on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fund Resources Investment Holding Group Co Ltd bought a new stake in Bitdeer Technologies Group in the 4th quarter valued at $102,732,000. Bank of America Corp DE lifted its holdings in shares of Bitdeer Technologies Group by 67.5% during the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock worth $72,753,000 after acquiring an additional 2,553,093 shares during the period. Value Aligned Research Advisors LLC boosted its position in shares of Bitdeer Technologies Group by 137.0% during the 4th quarter. Value Aligned Research Advisors LLC now owns 3,267,614 shares of the company’s stock valued at $36,630,000 after acquiring an additional 1,888,825 shares in the last quarter. Azora Capital LP acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter valued at about $23,817,000. Finally, Situational Awareness LP increased its stake in Bitdeer Technologies Group by 92.3% in the fourth quarter. Situational Awareness LP now owns 1,788,000 shares of the company’s stock valued at $20,043,000 after acquiring an additional 858,400 shares during the period. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Price Performance

NASDAQ BTDR opened at $9.35 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $9.60 and a 200 day simple moving average of $13.52. The company has a market cap of $1.98 billion, a P/E ratio of -2.98 and a beta of 2.28. Bitdeer Technologies Group has a 1 year low of $6.84 and a 1 year high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its earnings results on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.59). The firm had revenue of $224.84 million during the quarter, compared to the consensus estimate of $208.25 million. Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The company’s revenue was up 225.8% on a year-over-year basis. On average, sell-side analysts predict that Bitdeer Technologies Group will post -0.73 EPS for the current year.

About Bitdeer Technologies Group

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.