Weekly Research Analysts’ Ratings Updates for Bitdeer Technologies Group (BTDR)

by · The Markets Daily

Several analysts have recently updated their ratings and price targets for Bitdeer Technologies Group (NASDAQ: BTDR):

  • 12/19/2024 – Bitdeer Technologies Group had its price target raised by analysts at B. Riley from $15.00 to $24.00. They now have a “buy” rating on the stock.
  • 12/17/2024 – Bitdeer Technologies Group had its price target raised by analysts at Roth Mkm from $15.00 to $29.00. They now have a “buy” rating on the stock.
  • 12/9/2024 – Bitdeer Technologies Group had its price target raised by analysts at Benchmark Co. from $16.00 to $29.00. They now have a “buy” rating on the stock.
  • 12/6/2024 – Bitdeer Technologies Group had its price target raised by analysts at Northland Securities from $14.00 to $20.00. They now have an “outperform” rating on the stock.
  • 12/6/2024 – Bitdeer Technologies Group had its price target raised by analysts at Rosenblatt Securities from $17.00 to $22.00. They now have a “buy” rating on the stock.
  • 11/19/2024 – Bitdeer Technologies Group had its price target raised by analysts at Northland Securities from $13.00 to $14.00. They now have an “outperform” rating on the stock.
  • 11/19/2024 – Bitdeer Technologies Group had its price target raised by analysts at Rosenblatt Securities from $9.00 to $17.00. They now have a “buy” rating on the stock.
  • 11/19/2024 – Bitdeer Technologies Group had its price target raised by analysts at Roth Mkm from $14.00 to $15.00. They now have a “buy” rating on the stock.
  • 11/19/2024 – Bitdeer Technologies Group had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $16.00 price target on the stock.
  • 11/19/2024 – Bitdeer Technologies Group had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $14.00 price target on the stock.
  • 11/19/2024 – Bitdeer Technologies Group had its price target raised by analysts at HC Wainwright from $17.00 to $18.00. They now have a “buy” rating on the stock.

Bitdeer Technologies Group Trading Up 8.7 %

Bitdeer Technologies Group stock traded up $1.79 on Tuesday, reaching $22.31. 3,003,642 shares of the stock were exchanged, compared to its average volume of 3,051,298. The stock has a market cap of $2.50 billion, a PE ratio of -42.90 and a beta of 2.27. The firm has a fifty day moving average price of $12.78 and a two-hundred day moving average price of $9.90. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $25.51.

Institutional Trading of Bitdeer Technologies Group

A number of hedge funds have recently bought and sold shares of BTDR. Mirabella Financial Services LLP bought a new stake in shares of Bitdeer Technologies Group in the third quarter valued at about $5,872,000. D1 Capital Partners L.P. bought a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth approximately $5,386,000. Marshall Wace LLP acquired a new stake in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $5,074,000. Point72 Asset Management L.P. bought a new stake in shares of Bitdeer Technologies Group during the second quarter valued at approximately $4,617,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Bitdeer Technologies Group in the second quarter valued at $4,510,000. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.

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