In the latest trading session, 3.6 million Bitdeer Technologies Holding Co (NASDAQ:BTDR) shares changed hands as the company’s beta touched 2.27. With the company’s most recent per share price at $14.40 changing hands around $0.13 or 0.91% at last look, the market valuation stands at $2.35B. BTDR’s current price is a discount, trading about -7.64% off its 52-week high of $15.50. The share price had its 52-week low at $4.26, which suggests the last value was 70.42% up since then. When we look at Bitdeer Technologies Holding Co’s average trading volume, we note the 10-day average is 7.99 million shares, with the 3-month average coming to 3.73 million.
Analysts gave the Bitdeer Technologies Holding Co (BTDR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BTDR as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Bitdeer Technologies Holding Co’s EPS for the current quarter is expected to be -0.13.
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Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information
Instantly BTDR is in green as seen in intraday trades today. With action 24.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 46.04%, with the 5-day performance at 24.78% in the green. However, in the 30-day time frame, Bitdeer Technologies Holding Co (NASDAQ:BTDR) is 84.85% up. Looking at the short shares, we see there were 10.71 million shares sold at short interest cover period of 4.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 4.0% from its recent market value. According to analyst projections, BTDR’s forecast low is 9 with 20 as the target high. To hit the forecast high, the stock’s price needs a -38.89% plunge from its current level, while the stock would need to tank 37.5% for it to hit the projected low.
Bitdeer Technologies Holding Co (BTDR) estimates and forecasts
Data shows that the Bitdeer Technologies Holding Co share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 127.13% over the past 6 months, a -425.00% in annual growth rate that is considerably lower than the industry average of 17.80%. Year-over-year growth is forecast to reach -5.60% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 67.52M. 9 analysts are of the opinion that Bitdeer Technologies Holding Co’s revenue for the current quarter will be 88.87M. The company’s revenue for the corresponding quarters a year ago was 114.85M and 119.51M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -41.21%. The estimates for the next quarter sales put growth at -25.63%.
The 2024 estimates are for Bitdeer Technologies Holding Co earnings to decrease by -340.27%.
BTDR Dividends
Bitdeer Technologies Holding Co is expected to release its next quarterly earnings report in January.
Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 64.38% of Bitdeer Technologies Holding Co shares while 17.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.15%.
Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify Transformational Data Sharing ETF and Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF. With 1.29 shares estimated at $18.52 million under it, the former controlled 1.16% of total outstanding shares. On the other hand, Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF held about 0.53% of the shares, roughly 590.4 shares worth around $8.44 million.
