Tomorrow Is Not Likely To Be Same For Bitdeer Technologies Holding Co (BTDR)

Bitdeer Technologies Holding Co (BTDR) concluded trading on 01/11/24 at a closing price of $7.19, with 2.63 million shares of worth about $18.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -47.67% during that period and on Thursday the price saw a loss of about -5.89%. Currently the company’s common shares owned by public are about 62.89M shares, out of which, 21.31M shares are available for trading.

Bitdeer Technologies Holding Co (NASDAQ: BTDR) started trading at $8.59, above $0.95 from concluding price of the previous day. However, the stock later moved at a day high price of 8.80, or with a loss of -5.89%. Stock saw a price change of -10.35% in past 5 days and over the past one month there was a price change of 29.55%. Year-to-date (YTD), BTDR shares are showing a performance of -27.08% which decreased to -30.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.77 but also hit the highest price of $14.75 during that period. The average intraday trading volume for Bitdeer Technologies Holding Co shares is 1.29 million. The stock is currently trading -17.94% below its 20-day simple moving average (SMA20), while that difference is up 16.48% for SMA50 and it goes to -14.21% lower than SMA200.

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Bitdeer Technologies Holding Co (NASDAQ: BTDR) currently have 62.89M outstanding shares and institutions hold larger chunk of about 1.84% of that.

The stock has a current market capitalization of $799.74M and its 3Y-monthly beta is at 1.90. It has posted earnings per share of -$1.24 in the same period. It has a debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BTDR, volatility over the week remained 18.91% while standing at 18.04% over the month.

Stock’s fiscal year EPS is expected to drop by -251.85% while it is estimated to increase by 73.17% in next year.

Analysts at 1 brokerage firms have issued recommendations for the Bitdeer Technologies Holding Co (BTDR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on September 06, 2023 offering a Buy rating for the stock and assigned a target price of $20 to it.

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