Bitdeer Technologies Holding Co (NASDAQ: BTDR): Analyst View Points To Future Growth

Bitdeer Technologies Holding Co (BTDR) concluded trading on Tuesday at a closing price of $23.56, with 8.1 million shares of worth about $190.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 152.22% during that period and on December 24, 2024 the price saw a gain of about 14.81%. Currently the company’s common shares owned by public are about 139.78M shares, out of which, 33.91M shares are available for trading.

Stock saw a price change of 9.94% in past 5 days and over the past one month there was a price change of 102.17%. Year-to-date (YTD), BTDR shares are showing a performance of 136.61% which increased to 128.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.23 but also hit the highest price of $25.51 during that period. The average intraday trading volume for Bitdeer Technologies Holding Co shares is 6.13 million. The stock is currently trading 27.92% above its 20-day simple moving average (SMA20), while that difference is up 81.23% for SMA50 and it goes to 164.95% higher than SMA200.

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Bitdeer Technologies Holding Co (NASDAQ: BTDR) currently have 139.78M outstanding shares and institutions hold larger chunk of about 10.21% of that.

The stock has a current market capitalization of $3.78B and its 3Y-monthly beta is at 2.19. It has posted earnings per share of -$1.24 in the same period. It has Quick Ratio of 1.29 while making debt-to-equity ratio of 0.33. 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 14.55% while standing at 16.16% over the month.

Stock’s fiscal year EPS is expected to drop by -353.02% while it is estimated to increase by 182.95% 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 Northland Capital on October 09, 2024 offering an Outperform rating for the stock and assigned a target price of $13 to it. Coverage by Alliance Global Partners stated Bitdeer Technologies Holding Co (BTDR) stock as a Buy in their note to investors on October 08, 2024, suggesting a price target of $14 for the stock. On August 14, 2024, Rosenblatt Resumed their recommendations, while on June 11, 2024, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $13. Stock get a Buy rating from Needham on April 15, 2024.

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