What is Roth Capital’s Forecast for BTDR FY2024 Earnings?

Bitdeer Technologies Group (NASDAQ:BTDR) – Analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for Bitdeer Technologies Group in a research report issued on Wednesday, January 8th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of ($0.85) for the year, down from their prior estimate of ($0.84). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.75) per share. Roth Capital also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.32) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $0.21 EPS and FY2026 earnings at $1.50 EPS.

A number of other equities analysts have also weighed in on BTDR. Alliance Global Partners started coverage on Bitdeer Technologies Group in a research note on Tuesday, October 8th. They set a “buy” rating and a $14.00 target price on the stock. Roth Mkm raised their price objective on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Rosenblatt Securities restated a “buy” rating and set a $22.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday. Finally, Needham & Company LLC raised their price objective on Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $21.00.

Bitdeer Technologies Group Trading Up 11.3 %

Shares of NASDAQ BTDR opened at $19.04 on Monday. The firm has a market cap of $2.13 billion, a P/E ratio of -36.61 and a beta of 2.09. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $26.99. The business’s 50 day moving average is $17.07 and its 200-day moving average is $11.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth about $272,000. Thomist Capital Management LP bought a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth about $1,156,000. XTX Topco Ltd bought a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth about $276,000. Symmetry Investments LP bought a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth about $432,000. Finally, D1 Capital Partners L.P. bought a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth about $5,386,000. 22.25% of the stock is owned by institutional investors and hedge funds.

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.