Exchange Traded Concepts LLC recently announced the acquisition of new stake in Bitdeer Technologies Holding Co (NASDAQ:BTDR). This fresh investment now brings its stake to 0.46% valued currently at $1.31 million. In addition, BlackRock Fund Advisors raised its holdings by 0.25 million to 0.25 million shares.
With over 4.39 million Bitdeer Technologies Holding Co (BTDR) shares trading Tuesday and a closing price of $11.44 on the day, the dollar volume was approximately $50.19 million. The shares have shown a positive half year performance of 8.54% and its price on 12/26/23 gained nearly 11.94%. Currently, there are 62.89M common shares owned by the public and among those 21.31M shares have been available to trade.
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The top 3 mutual fund holders in Bitdeer Technologies Holding Co are Bitwise Crypto Industry Innovator, VanEck UCITS ETFs Plc – Crypto &, and BetaShares Crypto Innovators ETF. Bitwise Crypto Industry Innovator owns 0.32 million shares of the company’s stock, all valued at over $1.43 million. BetaShares Crypto Innovators ETF sold 1456.0 shares to bring its total holdings to over 0.19 million shares at a value of $0.86 million. BetaShares Crypto Innovators ETF now owns shares totaling to 0.30% of the shares outstanding.
Shares of Bitdeer Technologies Holding Co (NASDAQ: BTDR) opened at $10.65, up $0.43 from a prior closing price of $10.22. However, the script later moved the day high at 12.99, up 11.94%. The company’s stock has a 5-day price change of 46.85% and 20.04% over the past three months. BTDR shares are trading 9.79% year to date (YTD), with the 12-month market performance up to 11.28% higher. It has a 12-month low price of $2.77 and touched a high of $14.75 over the same period. BTDR has an average intraday trading volume of 737.69K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 80.91%, 136.23%, and 35.56% respectively.
Institutional ownership of Bitdeer Technologies Holding Co (NASDAQ: BTDR) shares accounts for 1.61% of the company’s 62.89M shares outstanding. Mutual fund holders own 1.38%, while other institutional holders and individual stakeholders account for 2.02% and — respectively.
It has a market capitalization of $1.27B and a beta (3y monthly) value of 1.90. The earnings-per-share (ttm) stands at -$1.24. The company has a debt-to-equity ratio at 0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.30% over the week and 13.00% over the month.
Analysts forecast that Bitdeer Technologies Holding Co (BTDR) will achieve an EPS of $0.06 for the current quarter, $0.07 for the next quarter and -$0.11 for 2024. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.06. Earnings per share for the fiscal year are expected to decrease by -251.85%, and 73.17% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Bitdeer Technologies Holding Co (BTDR) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BTDR, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on September 06, 2023, with the firm’s price target at $20.
