Bitdeer Technologies Group’s (BTDR) “Buy” Rating Reiterated at Rosenblatt Securities

Bitdeer Technologies Group (NASDAQ:BTDR)‘s stock had its “buy” rating restated by Rosenblatt Securities in a note issued to investors on Wednesday,Benzinga reports. They presently have a $18.00 price target on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 94.59% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. UBS Group reissued a “buy” rating on shares of Bitdeer Technologies Group in a research report on Thursday, February 12th. Benchmark reduced their price objective on shares of Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. HC Wainwright dropped their target price on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research report on Wednesday, January 21st. Finally, Cantor Fitzgerald decreased their price objective on Bitdeer Technologies Group to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 16th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.60.

Bitdeer Technologies Group Price Performance

Shares of BTDR stock opened at $9.25 on Wednesday. Bitdeer Technologies Group has a twelve month low of $6.84 and a twelve month high of $27.80. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $14.00. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -2.95 and a beta of 2.40.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.59). Bitdeer Technologies Group had a net margin of 10.58% and a return on equity of 8.92%. The firm had revenue of $224.84 million during the quarter, compared to the consensus estimate of $208.25 million. The business’s quarterly revenue was up 225.8% compared to the same quarter last year. On average, analysts predict that Bitdeer Technologies Group will post -0.73 EPS for the current fiscal year.

Institutional Trading of Bitdeer Technologies Group

A number of institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its stake in Bitdeer Technologies Group by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock worth $30,000 after buying an additional 1,044 shares during the last quarter. Empowered Funds LLC purchased a new stake in Bitdeer Technologies Group in the fourth quarter valued at about $34,000. Kestra Advisory Services LLC acquired a new stake in Bitdeer Technologies Group in the fourth quarter worth about $39,000. Tower Research Capital LLC TRC boosted its holdings in Bitdeer Technologies Group by 7,157.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock worth $83,000 after acquiring an additional 7,157 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Bitdeer Technologies Group during the second quarter worth about $105,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

About Bitdeer Technologies Group

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.