Shares of Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) have received an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.56.
BTDR has been the subject of several research analyst reports. B. Riley initiated coverage on shares of Bitdeer Technologies Group in a research note on Tuesday, March 12th. They issued a “buy” rating and a $9.00 price target on the stock. Rosenblatt Securities started coverage on Bitdeer Technologies Group in a research note on Tuesday, April 9th. They issued a “buy” rating and a $10.50 price target on the stock. HC Wainwright reissued a “buy” rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday, June 11th. Cantor Fitzgerald upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, June 12th. Finally, Benchmark restated a “buy” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a research report on Monday, April 15th.
Check Out Our Latest Analysis on BTDR
Hedge Funds Weigh In On Bitdeer Technologies Group
Bitdeer Technologies Group Trading Up 4.9 %
Shares of BTDR opened at $10.26 on Friday. The firm has a market cap of $1.15 billion, a P/E ratio of -25.02 and a beta of 1.79. Bitdeer Technologies Group has a 12 month low of $2.77 and a 12 month high of $14.65. The stock’s 50 day moving average is $7.01 and its two-hundred day moving average is $7.31.
Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last released its quarterly earnings results on Monday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The company had revenue of $119.51 million during the quarter, compared to analyst estimates of $119.12 million. Bitdeer Technologies Group had a negative net margin of 11.21% and a negative return on equity of 3.98%. Equities research analysts forecast that Bitdeer Technologies Group will post -0.01 EPS for the current year.
About Bitdeer Technologies Group
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.
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