Reviewing The Case For Bitdeer Technologies Holding Co (BTDR) Going Higher

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 4.50% and 76.08% over the past three months. BTDR shares are trading 20.18% year to date (YTD), with the 12-month market performance up to 196.99% higher. It has a 12-month low price of $3.78 and touched a high of $14.27 over the same period. BTDR has an average intraday trading volume of 3.01 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 30.23%, 47.32%, and 54.61% respectively.

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Institutional ownership of Bitdeer Technologies Holding Co (NASDAQ: BTDR) shares accounts for 10.18% of the company’s 63.57M shares outstanding.

It has a market capitalization of $1.71B and a beta (3y monthly) value of 2.00. 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 19.77% over the week and 11.60% over the month.

Analysts forecast that Bitdeer Technologies Holding Co (BTDR) will achieve an EPS of -0.04 for the current quarter, 0.03 for the next quarter and 0.26 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.16 while analysts give the company a high EPS estimate of -0.16. Comparatively, EPS for the current quarter was -0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -244.69%, and 221.16% 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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