Stock Performance And Outlook Of Bitdeer Technologies Holding Co (NASDAQ: BTDR)

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In the last trading session, 1.01 million shares of the Bitdeer Technologies Holding Co (NASDAQ:BTDR) were traded, and its beta was 1.70. Most recently the company’s share price was $7.00, and it changed around $0.04 or 0.57% from the last close, which brings the market valuation of the company to $778.61M. BTDR currently trades at a discount to its 52-week high of $14.75, offering almost -110.71% off that amount. The share price’s 52-week low was $2.77, which indicates that the current value has risen by an impressive 60.43% since then. We note from Bitdeer Technologies Holding Co’s average daily trading volume that its 10-day average is 1.74 million shares, with the 3-month average coming to 1.99 million.

Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information

Instantly BTDR has showed a green trend with a performance of 0.57% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -29.01% year-to-date, but still down -2.91% over the last five days. On the other hand, Bitdeer Technologies Holding Co (NASDAQ:BTDR) is 3.55% up in the 30-day period. We can see from the shorts that 1.75 million shares have been sold at a short interest cover period of 0.79 day(s).

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The consensus price target as assigned by Wall Street analysts is $15, which translates to bulls needing to increase their stock price by 53.33% from its current value. Analyst projections state that BTDR is forecast to be at a low of $15 and a high of $15.

Bitdeer Technologies Holding Co (BTDR) estimates and forecasts

Bitdeer Technologies Holding Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -27.39 percent over the past six months and at a -140.00% annual growth rate that is well below the industry average of 17.70%.

BTDR Dividends

Bitdeer Technologies Holding Co’s next quarterly earnings report is expected to be released in May.

Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 53.54% of Bitdeer Technologies Holding Co shares, and 8.89% of them are in the hands of institutional investors. The stock currently has a share float of 19.13%. Bitdeer Technologies Holding Co stock is held by 41 institutions, with SC China Holding Ltd being the largest institutional investor. By Jun 29, 2023, it held 3.63% of the shares, which is about 4.04 million shares worth $45.24 million.

Sc Us (ttgp), Ltd., with 1.15% or 1.28 million shares worth $14.29 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

VanEck ETF Trust-VanEck Digital Transformation ETF and iShares MSCI EAFE Small Cap ETF were the top two Mutual Funds as of Sep 29, 2023. The former held 0.18 million shares worth $1.73 million, making up 0.16% of all outstanding shares. On the other hand, iShares MSCI EAFE Small Cap ETF held roughly 89725.0 shares worth around $1.22 million, which represents about 0.08% of the total shares outstanding.