Investing Now Could Prove Beneficial For Bitdeer Technologies Holding Co (NASDAQ: BTDR)

During the last session, Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s traded shares were 14.92 million, with the beta value of the company hitting 2.27. At the end of the trading day, the stock’s price was $21.37, reflecting an intraday gain of 7.23% or $1.44. The 52-week high for the BTDR share is $22.86, that puts it down -6.97 from that peak though still a striking 75.53% gain since the share price plummeted to a 52-week low of $5.23. The company’s market capitalization is $2.99B, and the average intraday trading volume over the past 10 days was 11.65 million shares, and the average trade volume was 4.91 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.

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Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information

Bitdeer Technologies Holding Co (BTDR) registered a 7.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.23% in intraday trading to $21.37, hitting a weekly high. The stock’s 5-day price performance is 25.85%, and it has moved by 94.80% in 30 days. Based on these gigs, the overall price performance for the year is 259.16%. The short interest in Bitdeer Technologies Holding Co (NASDAQ:BTDR) is 10.71 million shares and it means that shorts have 4.58 day(s) to cover.

The consensus price target of analysts on Wall Street is $13.5, which implies a decrease of -58.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $29 respectively. As a result, BTDR is trading at a discount of -35.7% off the target high and 57.88% 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 up 116.95% during the last six months, with a year-to-date growth rate less than the industry average at -475.00% against 16.30.

While earnings are projected to return -357.16% in 2024.

BTDR Dividends

Bitdeer Technologies Holding Co is due to release its next quarterly earnings in January. 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 64.38% of total outstanding shares while institutional holders control 17.15%, with the float percentage being 48.15%.