Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 2,153 put options on the company. This is an increase of approximately 264% compared to the average daily volume of 592 put options.
Bitdeer Technologies Group Stock Up 8.7 %
Shares of NASDAQ BTDR traded up $0.87 during mid-day trading on Wednesday, reaching $10.90. 2,191,746 shares of the company were exchanged, compared to its average volume of 1,542,505. The company’s 50-day simple moving average is $6.77 and its 200-day simple moving average is $7.24. The stock has a market capitalization of $1.22 billion, a P/E ratio of -26.61 and a beta of 1.79. Bitdeer Technologies Group has a twelve month low of $2.77 and a twelve month high of $14.65.
Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last posted its earnings results on Monday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Bitdeer Technologies Group had a negative return on equity of 3.98% and a negative net margin of 11.21%. The company had revenue of $119.51 million for the quarter, compared to analyst estimates of $119.12 million. As a group, equities research analysts expect that Bitdeer Technologies Group will post -0.01 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on BTDR
Hedge Funds Weigh In On Bitdeer Technologies Group
Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp increased its position in Bitdeer Technologies Group by 196.2% during the fourth quarter. Van ECK Associates Corp now owns 1,100,178 shares of the company’s stock worth $10,848,000 after acquiring an additional 728,804 shares during the period. Exchange Traded Concepts LLC increased its position in Bitdeer Technologies Group by 83.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 533,975 shares of the company’s stock worth $5,265,000 after acquiring an additional 243,245 shares during the period. Swiss National Bank bought a new position in Bitdeer Technologies Group during the third quarter worth about $604,000. Nomura Holdings Inc. bought a new position in Bitdeer Technologies Group in the 4th quarter valued at about $15,350,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Bitdeer Technologies Group by 149.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,901 shares of the company’s stock valued at $384,000 after buying an additional 23,310 shares during the period. 22.25% of the stock is owned by institutional investors.
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.
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