Bitdeer Technologies Holding Co (NASDAQ: BTDR) Loses -20.53% From High. Why That Could Change?

Currently, there are 63.57M common shares owned by the public and among those 33.91M shares have been available to trade.

The company’s stock has a 5-day price change of 59.05% and 43.73% over the past three months. BTDR shares are trading 15.01% year to date (YTD), with the 12-month market performance up to 221.25% higher. It has a 12-month low price of $3.49 and touched a high of $14.27 over the same period. BTDR has an average intraday trading volume of 2.69 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 35.06%, 50.80%, and 49.27% respectively.

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Institutional ownership of Bitdeer Technologies Holding Co (NASDAQ: BTDR) shares accounts for 6.19% of the company’s 63.57M shares outstanding.

It has a market capitalization of $1.60B and a beta (3y monthly) value of 1.93. The earnings-per-share (ttm) stands at -$1.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.84% over the week and 8.90% over the month.

Earnings per share for the fiscal year are expected to decrease by -216.66%, and 247.24% over the next financial year.

Looking at the support for the BTDR, a number of firms have released research notes about the stock. Northland Capital stated their Outperform rating for the stock in a research note on October 09, 2024, with the firm’s price target at $13. Alliance Global Partners coverage for the Bitdeer Technologies Holding Co (BTDR) stock in a research note released on October 08, 2024 offered a Buy rating with a price target of $14. Rosenblatt was of a view on August 14, 2024 that the stock is Buy, while Cantor Fitzgerald gave the stock Overweight rating on June 11, 2024, issuing a price target of $13. Needham on their part issued Buy rating on April 15, 2024.

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