Why Should You Add Bitdeer Technologies Holding Co (BTDR) To Your Portfolio?

Bitdeer Technologies Holding Co (NASDAQ:BTDR) has a beta value of 2.00 and has seen 1.08 million shares traded in the last trading session. The company, currently valued at $1.06B, closed the last trade at $7.61 per share which meant it lost -$0.28 on the day or -3.55% during that session. The BTDR stock price is -92.51% off its 52-week high price of $14.65 and 63.6% above the 52-week low of $2.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.35 million shares traded. The 3-month trading volume is 2.11 million shares.

The consensus among analysts is that Bitdeer Technologies Holding Co (BTDR) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.

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Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information

Sporting -3.55% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BTDR stock price touched $7.61 or saw a rise of 14.78%. Year-to-date, Bitdeer Technologies Holding Co shares have moved -22.82%, while the 5-day performance has seen it change 4.10%. Over the past 30 days, the shares of Bitdeer Technologies Holding Co (NASDAQ:BTDR) have changed -28.00%. Short interest in the company has seen 2.79 million shares shorted with days to cover at 0.81.

Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 49.27% from current levels. The projected low price target is $10.5 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -162.81% off the targeted high while a plunge would see the stock gain -37.98% from current levels.

Bitdeer Technologies Holding Co (BTDR) estimates and forecasts

Figures show that Bitdeer Technologies Holding Co shares have underperformed across the wider relevant industry. The company’s shares have lost -3.55% over the past 6 months, with this year growth rate of -65.00%, compared to 14.80% for the industry.

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

Insiders own 63.69% of the company shares, while shares held by institutions stand at 6.02% with a share float percentage of 16.58%. Investors are also buoyed by the number of investors in a company, with Bitdeer Technologies Holding Co having a total of 49.0 institutions that hold shares in the company.