Bitdeer Technologies Holding Co (NASDAQ:BTDR) has a beta value of 2.24 and has seen 11.04 million shares traded in the last trading session. The company, currently valued at $2.86B, closed the last trade at $20.92 per share which meant it lost -$0.45 on the day or -2.11% during that session. The BTDR stock price is -17.97% off its 52-week high price of $24.68 and 75.0% above the 52-week low of $5.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.25 million shares traded. The 3-month trading volume is 5.11 million shares.
The consensus among analysts is that Bitdeer Technologies Holding Co (BTDR) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.13.
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Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information
Sporting -2.11% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BTDR stock price touched $20.92 or saw a rise of 15.24%. Year-to-date, Bitdeer Technologies Holding Co shares have moved 112.17%, while the 5-day performance has seen it change -0.43%. Over the past 30 days, the shares of Bitdeer Technologies Holding Co (NASDAQ:BTDR) have changed 97.36%. Short interest in the company has seen 10.71 million shares shorted with days to cover at 4.58.
Wall Street analysts have a consensus price target for the stock at $13.5, which means that the shares’ value could drop -54.96% from current levels. The projected low price target is $9.0 while the price target rests at a high of $29.0. In that case, then, we find that the current price level is -38.62% off the targeted high while a plunge would see the stock lose 56.98% from current levels.
Bitdeer Technologies Holding Co (BTDR) estimates and forecasts
Figures show that Bitdeer Technologies Holding Co shares have underperformed across the wider relevant industry. The company’s shares have gained 110.25% over the past 6 months, with this year growth rate of -475.00%, compared to 16.30% for the industry. Revenue growth from the last financial year stood is estimated to be -5.26%.
9 analysts offering their estimates for the company have set an average revenue estimate of 68.88M for the current quarter. 9 have an estimated revenue figure of 89.05M for the next ending quarter. Year-ago sales stood 114.85M and 119.51M respectively for this quarter and the next, and analysts expect sales will shrink by -40.02% for the current quarter and -5.26% for the next.
BTDR Dividends
Bitdeer Technologies Holding Co is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s Major holders
Insiders own 64.38% of the company shares, while shares held by institutions stand at 17.15% with a share float percentage of 48.15%. Investors are also buoyed by the number of investors in a company, with Bitdeer Technologies Holding Co having a total of 104.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Amplify Transformational Data Sharing ETF and Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF . As of Sep 30, 2024 , the former fund manager holds about 1.16% shares in the company for having 1.29 shares of worth $27.09 million while later fund manager owns 590.4 shares of worth $12.35 million as of Sep 30, 2024 , which makes it owner of about 0.53% of company’s outstanding stock.
