In the last trading session, 9.31 million shares of the Bitdeer Technologies Holding Co (NASDAQ:BTDR) were traded, and its beta was 2.09. Most recently the company’s share price was $20.90, and it changed around -$0.64 or -2.97% from the last close, which brings the market valuation of the company to $4.02B. BTDR currently trades at a discount to its 52-week high of $26.99, offering almost -29.14% off that amount. The share price’s 52-week low was $5.23, which indicates that the current value has risen by an impressive 74.98% since then. We note from Bitdeer Technologies Holding Co’s average daily trading volume that its 10-day average is 8.24 million shares, with the 3-month average coming to 7.65 million.
Bitdeer Technologies Holding Co stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended BTDR as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Bitdeer Technologies Holding Co is expected to report earnings per share of -0.14 for the current quarter.
Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information
Instantly BTDR has showed a red trend with a performance of -2.97% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 23.19 on recent trading dayincreased the stock’s daily price by 9.87%. The company’s shares are currently down -3.55% year-to-date, but still up 12.97% over the last five days. On the other hand, Bitdeer Technologies Holding Co (NASDAQ:BTDR) is -9.68% down in the 30-day period. We can see from the shorts that 10.71 million shares have been sold at a short interest cover period of 4.58 day(s).
The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to decrease their stock price by -74.17% from its current value. Analyst projections state that BTDR is forecast to be at a low of $9 and a high of $29.
Bitdeer Technologies Holding Co (BTDR) estimates and forecasts
Bitdeer Technologies Holding Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 121.63 percent over the past six months and at a -465.00% annual growth rate that is well below the industry average of 15.40%. The year-over-year growth rate is expected to be -4.32%, down from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 72.65M in revenue for the current quarter. 9 analysts expect Bitdeer Technologies Holding Co to make 87.92M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 114.85M and 119.51M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -36.74%. Forecasts for the next quarter put sales growth at -26.43%.
BTDR Dividends
Bitdeer Technologies Holding Co’s next quarterly earnings report is expected to be released in February.
Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 64.38% of Bitdeer Technologies Holding Co shares, and 17.15% of them are in the hands of institutional investors. The stock currently has a share float of 48.15%. Bitdeer Technologies Holding Co stock is held by 104.0 institutions, with NISHKAMA CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 0.9454% of the shares, which is about 1.2 million shares worth $12.27 million.
VIDENT ADVISORY, LLC, with 0.5453% or 0.69 million shares worth $7.08 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Amplify Transformational Data Sharing ETF and Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 1.29 shares worth $27.06 million, making up 1.16% of all outstanding shares. On the other hand, Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF held roughly 590.4 shares worth around $12.34 million, which represents about 0.53% of the total shares outstanding.
