Analysts Set Bitdeer Technologies Group (NASDAQ:BTDR) Target Price at $13.64

Shares of Bitdeer Technologies Group (NASDAQ:BTDR) have received a consensus rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $13.64.

A number of research firms have commented on BTDR. Roth Mkm began coverage on Bitdeer Technologies Group in a research report on Thursday, February 29th. They issued a “buy” rating and a $14.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a report on Tuesday, March 26th. BTIG Research assumed coverage on shares of Bitdeer Technologies Group in a research note on Wednesday, March 13th. They set a “buy” rating and a $15.00 target price for the company. Benchmark reissued a “buy” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a research note on Monday, April 15th. Finally, Rosenblatt Securities started coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, April 9th. They set a “buy” rating and a $10.50 price objective for the company.

Institutional Trading of Bitdeer Technologies Group

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth about $49,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Bitdeer Technologies Group during the 3rd quarter valued at approximately $150,000. Vontobel Holding Ltd. purchased a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at approximately $240,000. Swiss National Bank acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at approximately $604,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth approximately $1,199,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR opened at $5.65 on Friday. Bitdeer Technologies Group has a one year low of $2.77 and a one year high of $14.65. The stock has a market cap of $632.07 million, a PE ratio of -13.43 and a beta of 1.79. The stock has a 50 day moving average price of $6.62 and a 200 day moving average price of $6.54.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.15). Bitdeer Technologies Group had a negative return on equity of 7.34% and a negative net margin of 15.37%. The company had revenue of $114.85 million for the quarter. As a group, analysts predict that Bitdeer Technologies Group will post -0.07 earnings per share for the current fiscal year.

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.