In the latest trading session, 0.77 million Bitdeer Technologies Holding Co (NASDAQ:BTDR) shares changed hands as the company’s beta touched 2.16. With the company’s most recent per share price at $7.94 changed hands at -$0.09 or -1.12% at last look, the market valuation stands at $1.53B. BTDR’s current price is a discount, trading about -239.92% off its 52-week high of $26.99. The share price had its 52-week low at $5.23, which suggests the last value was 34.13% up since then. When we look at Bitdeer Technologies Holding Co’s average trading volume, we note the 10-day average is 4.2 million shares, with the 3-month average coming to 6.23 million.
Analysts gave the Bitdeer Technologies Holding Co (BTDR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BTDR as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Bitdeer Technologies Holding Co’s EPS for the current quarter is expected to be -0.18.
Bitdeer Technologies Holding Co (NASDAQ:BTDR) trade information
Instantly BTDR was in red as seen in intraday trades today. With action -10.08%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -63.36%, with the 5-day performance at -10.08% in the red. However, in the 30-day time frame, Bitdeer Technologies Holding Co (NASDAQ:BTDR) is -27.82% down. Looking at the short shares, we see there were 18.69 million shares sold at short interest cover period of 2.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 47.07% from its recent market value. According to analyst projections, BTDR’s forecast low is 12 with 29 as the target high. To hit the forecast high, the stock’s price needs a -265.24% plunge from its current level, while the stock would need to soar -51.13% for it to hit the projected low.
Bitdeer Technologies Holding Co (BTDR) estimates and forecasts
Year-over-year growth is forecast to reach 62.74% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 71.7M. 9 analysts are of the opinion that Bitdeer Technologies Holding Co’s revenue for the current quarter will be 108.46M. The company’s revenue for the corresponding quarters a year ago was 119.51M and 99.23M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -40.01%. The estimates for the next quarter sales put growth at 9.31%.
The 2025 estimates are for Bitdeer Technologies Holding Co earnings to increase by 98.78%.
Bitdeer Technologies Holding Co (NASDAQ:BTDR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 39.77% of Bitdeer Technologies Holding Co shares while 22.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.73%. There are 22.72% institutions holding the Bitdeer Technologies Holding Co stock share, with NISHKAMA CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 0.9454% of the shares, roughly 1.2 million BTDR shares worth $12.27 million.
VIDENT ADVISORY, LLC holds the second largest percentage of outstanding shares, with 0.5453% or 0.69 million shares worth $7.08 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF and Amplify ETF Trust-Amplify Transformational Data Sharing ETF. With 1.0 shares estimated at $8.33 million under it, the former controlled 0.90% of total outstanding shares. On the other hand, Amplify ETF Trust-Amplify Transformational Data Sharing ETF held about 0.81% of the shares, roughly 903.66 shares worth around $7.5 million.
