Roth Capital Issues Pessimistic Forecast for BTDR Earnings

Bitdeer Technologies Group (NASDAQ:BTDR) – Investment analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for Bitdeer Technologies Group in a report released on Wednesday, January 8th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.85) per share for the year, down from their previous forecast of ($0.84). 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 ($0.32) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $0.21 EPS and FY2026 earnings at $1.50 EPS.

Several other research analysts have also recently commented on the stock. Northland Capmk upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. HC Wainwright increased their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Rosenblatt Securities lifted their target price on Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Alliance Global Partners started coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a “buy” rating and a $14.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $20.20.

Bitdeer Technologies Group Stock Down 0.4 %

NASDAQ:BTDR opened at $18.50 on Monday. The company has a market cap of $2.07 billion, a P/E ratio of -35.58 and a beta of 2.09. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $26.99. The business has a 50 day moving average price of $16.64 and a two-hundred day moving average price of $11.19.

Institutional Investors Weigh In On Bitdeer Technologies Group

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

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.