Bitdeer Technologies Holding Co (NASDAQ:BTDR) Could Shrink By -13.69% Or More

In last trading session, Bitdeer Technologies Holding Co (NASDAQ:BTDR) saw 5.4 million shares changing hands with its beta currently measuring 1.92. Company’s recent per share price level of $8.51 trading at $0.7 or 8.96% at ring of the bell on the day assigns it a market valuation of $1.19B. That closing price of BTDR’s stock is at a discount of -67.69% from its 52-week high price of $14.27 and is indicating a premium of 58.99% from its 52-week low price of $3.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.22 million shares which gives us an average trading volume of 2.62 million if we extend that period to 3-months.

For Bitdeer Technologies Holding Co (BTDR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.1 in the current quarter.

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Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information

Upright in the green during last session for gaining 8.96%, in the last five days BTDR remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $8.51 price level, adding 5.65% to its value on the day. Bitdeer Technologies Holding Co’s shares saw a change of -13.69% in year-to-date performance and have moved -1.96% in past 5-day. Bitdeer Technologies Holding Co (NASDAQ:BTDR) showed a performance of 20.37% in past 30-days. Number of shares sold short was 9.86 million shares which calculate 5.05 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 43.27% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would drop -5.76% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.76% for stock’s current value.

Bitdeer Technologies Holding Co (BTDR) estimates and forecasts

Statistics highlight that Bitdeer Technologies Holding Co is scoring comparatively lower than the scores of other players of the relevant industry. The company added 50.75% of value to its shares in past 6 months, showing an annual growth rate of -335.00% while that of industry is 18.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.40% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 78.85M for the same. And 9 analysts are in estimates of company making revenue of 86.58M in the next quarter. Company posted 87.3M and 114.85M of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 60.75% of company’s total shares while institution are holding 10.96 percent of that, with stock having share float percentage of 27.91%. Investors also watch the number of corporate investors in a company very closely, which is 10.96% institutions for Bitdeer Technologies Holding Co that are currently holding shares of the company.