Bitdeer Technologies Holding Co (NASDAQ:BTDR) has a beta value of 2.09 and has seen 11.34 million shares traded in the last trading session. The company, currently valued at $3.71B, closed the last trade at $23.28 per share which meant it lost -$2.82 on the day or -10.80% during that session. The BTDR stock price is -12.71% off its 52-week high price of $26.24 and 77.53% 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 7.78 million shares traded. The 3-month trading volume is 6.74 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.
Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information
Sporting -10.80% 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 $23.28 or saw a rise of 13.75%. Year-to-date, Bitdeer Technologies Holding Co shares have moved 7.43%, while the 5-day performance has seen it change -1.56%. Over the past 30 days, the shares of Bitdeer Technologies Holding Co (NASDAQ:BTDR) have changed 44.78%. 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 $12, which means that the shares’ value could drop -94.0% 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 -24.57% off the targeted high while a plunge would see the stock lose 61.34% 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 87.44% over the past 6 months, with this year growth rate of -460.00%, compared to 16.50% for the industry.
BTDR Dividends
Bitdeer Technologies Holding Co is expected to release its next earnings report in February 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. The top two institutional holders are TOROSO INVESTMENTS, LLC with over 0.48 million shares worth more than $4.92 million. As of 2024-06-30, TOROSO INVESTMENTS, LLC held 0.3792% of shares outstanding.
The other major institutional holder is IDG CHINA VENTURE CAPITAL FUND IV ASSOCIATES L.P., with the holding of over 91308.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.94 million and represent 0.0722% of shares outstanding.
