What is Roth Capital’s Forecast for BTDR FY2024 Earnings?

Bitdeer Technologies Group (NASDAQ:BTDR) – Research analysts at Roth Capital upped their FY2024 earnings per share estimates for shares of Bitdeer Technologies Group in a research note issued on Tuesday, December 17th. Roth Capital analyst D. Aftahi now forecasts that the company will earn ($0.84) per share for the year, up from their previous estimate of ($0.87). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.75) per share. Roth Capital also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.31) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $0.30 EPS and FY2026 earnings at $1.59 EPS.

A number of other research analysts also recently commented on BTDR. Cantor Fitzgerald reissued an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. B. Riley raised their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday. HC Wainwright boosted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Northland Capmk raised Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $19.80.

Bitdeer Technologies Group Trading Down 6.5 %

Shares of BTDR opened at $18.14 on Thursday. The company’s fifty day simple moving average is $12.27 and its 200 day simple moving average is $9.67. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $25.51. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -34.88 and a beta of 2.27.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of hedge funds have recently bought and sold shares of the business. Mirabella Financial Services LLP bought a new position in Bitdeer Technologies Group during the 3rd quarter worth $5,872,000. D1 Capital Partners L.P. acquired a new stake in shares of Bitdeer Technologies Group during the 2nd quarter worth $5,386,000. Marshall Wace LLP bought a new position in shares of Bitdeer Technologies Group in the second quarter worth $5,074,000. Point72 Asset Management L.P. acquired a new position in Bitdeer Technologies Group in the second quarter valued at about $4,617,000. Finally, Point72 Hong Kong Ltd bought a new stake in Bitdeer Technologies Group during the second quarter worth about $4,510,000. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Company Profile

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.