Bitdeer Technologies Group (NASDAQ:BTDR) to Post Q3 2024 Earnings of ($0.12) Per Share, Roth Capital Forecasts

Bitdeer Technologies Group (NASDAQ:BTDR) – Investment analysts at Roth Capital cut their Q3 2024 EPS estimates for Bitdeer Technologies Group in a report issued on Monday, August 12th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.12) per share for the quarter, down from their previous estimate of ($0.04). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is $0.07 per share. Roth Capital also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.12) EPS, FY2024 earnings at ($0.36) EPS, Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.30) EPS and FY2026 earnings at ($0.04) EPS.

Several other brokerages have also recently weighed in on BTDR. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday. Roth Mkm restated a “buy” rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a report on Monday, July 1st. Benchmark reaffirmed a “buy” rating and issued a $16.00 target price on shares of Bitdeer Technologies Group in a research note on Tuesday. HC Wainwright dropped their price target on shares of Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, B. Riley boosted their price objective on shares of Bitdeer Technologies Group from $9.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $14.00.

Bitdeer Technologies Group Price Performance

NASDAQ:BTDR opened at $6.46 on Thursday. Bitdeer Technologies Group has a 1-year low of $2.77 and a 1-year high of $14.65. The business has a 50 day moving average of $9.51 and a 200 day moving average of $7.68. The company has a market capitalization of $723.30 million, a price-to-earnings ratio of -15.76 and a beta of 1.96.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vontobel Holding Ltd. bought a new stake in Bitdeer Technologies Group in the fourth quarter worth $240,000. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Bitdeer Technologies Group in the second quarter valued at $272,000. XTX Topco Ltd bought a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth about $276,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Bitdeer Technologies Group by 149.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,901 shares of the company’s stock worth $384,000 after purchasing an additional 23,310 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Bitdeer Technologies Group during the 1st quarter worth about $431,000. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.