During the last session, Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s traded shares were 3.41 million, with the beta value of the company hitting 1.94. At the end of the trading day, the stock’s price was $6.54, reflecting an intraday loss of -1.06% or -$0.07. The 52-week high for the BTDR share is $14.65, that puts it down -124.01 from that peak though still a striking 57.65% gain since the share price plummeted to a 52-week low of $2.77. The company’s market capitalization is $909.65M, and the average intraday trading volume over the past 10 days was 3.24 million shares, and the average trade volume was 2.77 million shares over the past three months.
Bitdeer Technologies Holding Co (BTDR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BTDR has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.05.
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Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information
Bitdeer Technologies Holding Co (BTDR) registered a -1.06% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.06% in intraday trading to $6.54, hitting a weekly high. The stock’s 5-day price performance is -13.26%, and it has moved by -21.30% in 30 days. Based on these gigs, the overall price performance for the year is -52.54%. The short interest in Bitdeer Technologies Holding Co (NASDAQ:BTDR) is 3.36 million shares and it means that shorts have 1.27 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 56.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $20 respectively. As a result, BTDR is trading at a discount of -205.81% off the target high and -37.61% off the low.
Bitdeer Technologies Holding Co (BTDR) estimates and forecasts
Statistics show that Bitdeer Technologies Holding Co has underperformed its competitors in share price, compared to the industry in which it operates. Bitdeer Technologies Holding Co (BTDR) shares have gone down -3.25% during the last six months, with a year-to-date growth rate less than the industry average at -195.00% against 17.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -150.00% this quarter and then jump 80.00% in the quarter after that. In the rating firms’ projections, revenue will increase 12.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 95.17M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 103.52M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 87.3M and 114.85M respectively. In this case, analysts expect current quarter sales to grow by 9.00% and then drop by -9.90% in the coming quarter.
While earnings are projected to return -103.37% in 2024.
BTDR Dividends
Bitdeer Technologies Holding Co is due to release its next quarterly earnings on 2024-Aug-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s Major holders
Bitdeer Technologies Holding Co insiders own 62.44% of total outstanding shares while institutional holders control 10.36%, with the float percentage being 27.59%.
Also, the Mutual Funds coming in first place with the largest holdings of Bitdeer Technologies Holding Co (BTDR) shares are Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF . Data provided on Jun 30, 2024 indicates that Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF owns about 792.4 shares. This amounts to just over 0.71 percent of the company’s overall shares, with a $5.18 million market value. The same data shows that the other fund manager holds slightly less at 445.61, or about 0.40% of the stock, which is worth about $2.91 million.
