Assessing Whether Bitdeer Technologies Holding Co (NASDAQ: BTDR) Is Over- Or Undervalued

Bitdeer Technologies Holding Co (BTDR) concluded trading on Thursday at a closing price of $7.49, with 3.56 million shares of worth about $26.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -47.66% during that period and on Thursday the price saw a loss of about -14.40%. Currently the company’s common shares owned by public are about 62.89M shares, out of which, 22.46M shares are available for trading.

Stock saw a price change of -9.21% in past 5 days and over the past one month there was a price change of 14.70%. Year-to-date (YTD), BTDR shares are showing a performance of -24.04% which decreased to -27.98% 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 1.72 million. The stock is currently trading -0.50% below its 20-day simple moving average (SMA20), while that difference is down -3.11% for SMA50 and it goes to -8.74% 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 4.07% of that.

The stock has a current market capitalization of $833.11M and its 3Y-monthly beta is at 1.86. 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 16.01% while standing at 13.18% over the month.

Analysts are in expectations that Bitdeer Technologies Holding Co (BTDR) stock would likely to be making an EPS of $0.14 in the current quarter, while forecast for next quarter EPS is $0.09 and it is $0.08 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $0.14 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -31.48% while it is estimated to decrease by -56.76% in next year.

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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