Bitdeer Technologies Holding Co (NASDAQ:BTDR) Drops -15.11 Percent In A Week: What Motivates The Stock?

In last trading session, Bitdeer Technologies Holding Co (NASDAQ:BTDR) saw 9.16 million shares changing hands with its beta currently measuring 2.13. Company’s recent per share price level of $18.14 trading at -$1.26 or -6.49% at ring of the bell on the day assigns it a market valuation of $2.54B. That closing price of BTDR’s stock is at a discount of -40.63% from its 52-week high price of $25.51 and is indicating a premium of 71.17% from its 52-week low price of $5.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 13.38 million shares which gives us an average trading volume of 5.81 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 -0.13 in the current quarter.

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Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information

Upright in the red during last session for losing -6.49%, in the last five days BTDR remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $18.14 price level, adding 28.89% to its value on the day. Bitdeer Technologies Holding Co’s shares saw a change of 83.98% in year-to-date performance and have moved -15.11% in past 5-day. Bitdeer Technologies Holding Co (NASDAQ:BTDR) showed a performance of 57.19% in past 30-days. Number of shares sold short was 10.71 million shares which calculate 4.58 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 13.5 to the stock, which implies a fall of -34.37% 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 29. It follows that stock’s current price would jump 50.39% in reaching the projected high whereas dropping to the targeted low would mean a gain of 50.39% 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 90.75% of value to its shares in past 6 months, showing an annual growth rate of -470.00% while that of industry is 17.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.45% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 72.14M for the same. And 9 analysts are in estimates of company making revenue of 90.22M in the next quarter. Company posted 114.85M and 119.51M 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 64.38% of company’s total shares while institution are holding 17.15 percent of that, with stock having share float percentage of 48.15%. Investors also watch the number of corporate investors in a company very closely, which is 17.15% institutions for Bitdeer Technologies Holding Co that are currently holding shares of the company.