Bitdeer Technologies Group (NASDAQ:BTDR) Given Market Perform Rating at Keefe, Bruyette & Woods

Bitdeer Technologies Group (NASDAQ:BTDR)‘s stock had its “market perform” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research note issued on Tuesday,Benzinga reports. They presently have a $14.00 price objective on the stock, down from their prior price objective of $26.50. Keefe, Bruyette & Woods’ price target points to a potential upside of 0.72% from the stock’s previous close.

A number of other brokerages also recently issued reports on BTDR. Rosenblatt Securities set a $5.90 price objective on shares of Bitdeer Technologies Group in a research report on Wednesday, January 14th. Benchmark reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a research report on Monday, October 20th. Needham & Company LLC boosted their price target on shares of Bitdeer Technologies Group from $17.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. B. Riley lowered their price objective on shares of Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Finally, Roth Mkm reissued a “buy” rating and set a $40.00 target price on shares of Bitdeer Technologies Group in a research report on Wednesday, October 15th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bitdeer Technologies Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ BTDR opened at $13.90 on Tuesday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -2.47 and a beta of 2.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.74 and a current ratio of 0.90. Bitdeer Technologies Group has a fifty-two week low of $6.84 and a fifty-two week high of $27.80. The firm’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $14.91.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings data on Monday, November 10th. The company reported ($1.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($1.06). The company had revenue of $169.71 million for the quarter, compared to the consensus estimate of $151.80 million. Bitdeer Technologies Group had a negative return on equity of 91.31% and a negative net margin of 115.59%.The business’s revenue for the quarter was up 173.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.35) earnings per share. As a group, research analysts anticipate that Bitdeer Technologies Group will post -0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bitdeer Technologies Group

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its stake in shares of Bitdeer Technologies Group by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock valued at $30,000 after purchasing an additional 1,044 shares during the period. Amalgamated Bank bought a new position in Bitdeer Technologies Group in the 2nd quarter worth about $35,000. Tower Research Capital LLC TRC grew its holdings in Bitdeer Technologies Group by 7,157.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock valued at $83,000 after buying an additional 7,157 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Bitdeer Technologies Group during the second quarter valued at about $105,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Bitdeer Technologies Group during the third quarter valued at about $159,000. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Company Profile

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.