Roth Capital Has Positive Outlook of BTDR FY2024 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR) – Investment analysts at Roth Capital upped their FY2024 earnings per share estimates for Bitdeer Technologies Group in a note issued to investors on Tuesday, December 17th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of ($0.84) for the year, up from their prior forecast of ($0.87). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.75) per share. Roth Capital also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.31) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $0.30 EPS and FY2026 earnings at $1.59 EPS.

Several other research analysts have also recently weighed in on BTDR. Northland Securities upped their price target on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, December 6th. HC Wainwright boosted their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Roth Mkm increased their target price on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday. B. Riley dropped their price target on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Benchmark upped their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $18.60.

Bitdeer Technologies Group Stock Up 2.5 %

Shares of BTDR traded up $0.49 on Thursday, hitting $19.89. The company’s stock had a trading volume of 2,012,335 shares, compared to its average volume of 2,979,857. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -38.25 and a beta of 2.27. The firm’s fifty day moving average price is $12.05 and its 200-day moving average price is $9.61. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $25.51.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several hedge funds have recently modified their holdings of BTDR. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bitdeer Technologies Group by 281.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock valued at $1,933,000 after buying an additional 182,110 shares during the last quarter. Millennium Management LLC lifted its stake in Bitdeer Technologies Group by 901.0% in the second quarter. Millennium Management LLC now owns 410,359 shares of the company’s stock valued at $4,210,000 after acquiring an additional 369,363 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in Bitdeer Technologies Group in the third quarter valued at $5,872,000. Quadrature Capital Ltd bought a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $285,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth about $4,510,000. Institutional investors own 22.25% of the company’s stock.

About Bitdeer Technologies Group

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.