Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s traded shares stood at 2.27 million during the last session, with the company’s beta value hitting 1.92. At the close of trading, the stock’s price was $7.72, to imply a decrease of -5.85% or -$0.48 in intraday trading. The BTDR share’s 52-week high remains $14.27, putting it -84.84% down since that peak but still an impressive 64.12% since price per share fell to its 52-week low of $2.77. The company has a valuation of $1.08B, with an average of 2.1 million shares in intraday trading volume over the past 10 days and average of 2.45 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Bitdeer Technologies Holding Co (BTDR), translating to a mean rating of 1.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give BTDR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.1.
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Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information
After registering a -5.85% downside in the last session, Bitdeer Technologies Holding Co (BTDR) has traded red over the past five days. The 5-day price performance for the stock is -7.54%, and 5.61% over 30 days. With these gigs, the year-to-date price performance is -21.70%. Short interest in Bitdeer Technologies Holding Co (NASDAQ:BTDR) saw shorts transact 10.25 million shares and set a 4.46 days time to cover.
The extremes give us $9 and $20 for target low and target high price respectively. As such, BTDR has been trading -159.07% off suggested target high and -16.58% from its likely low.
Bitdeer Technologies Holding Co (BTDR) estimates and forecasts
Looking at statistics comparing Bitdeer Technologies Holding Co share performance against respective industry, we note that the company has underperformed competitors. Bitdeer Technologies Holding Co (BTDR) shares are 19.14% up over the last 6 months, with its year-to-date growth rate lower than industry average at -335.00% against 18.90%. Revenue is forecast to shrink -400.00% this quarter before falling -20.00% for the next one. The rating firms project that company’s revenue will grow 5.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 78.85M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 86.58M.Earnings reports from the last fiscal year show that sales brought in 87.3M and 114.85M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.70% before dropping -24.60% in the following quarter.
BTDR Dividends
Bitdeer Technologies Holding Co has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s Major holders
Bitdeer Technologies Holding Co insiders hold 63.54% of total outstanding shares, with institutional holders owning 10.39% of the shares at 28.50% float percentage. In total, 10.39% institutions holds shares in the company.
