Bitdeer Technologies Group (NASDAQ:BTDR) Receives $19.80 Average PT from Analysts

Bitdeer Technologies Group (NASDAQ:BTDR) has been assigned an average rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.20.

Several equities research analysts recently weighed in on BTDR shares. Needham & Company LLC restated a “buy” rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Northland Capmk raised shares of Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Rosenblatt Securities lifted their target price on Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Finally, Roth Mkm lifted their price objective on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

Bitdeer Technologies Group Price Performance

NASDAQ BTDR opened at $18.50 on Thursday. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99. The stock’s 50-day moving average is $16.64 and its two-hundred day moving average is $11.17. The firm has a market cap of $2.07 billion, a P/E ratio of -35.58 and a beta of 2.09.

Institutional Trading of Bitdeer Technologies Group

A number of institutional investors have recently bought and sold shares of BTDR. Public Employees Retirement System of Ohio bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at about $66,000. Centiva Capital LP acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth $91,000. International Assets Investment Management LLC bought a new stake in Bitdeer Technologies Group in the 4th quarter valued at $308,000. Barclays PLC acquired a new position in Bitdeer Technologies Group in the 3rd quarter worth $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Bitdeer Technologies Group during the 3rd quarter worth about $169,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

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.