What is Northland Capmk’s Estimate for BTDR FY2024 Earnings?

Bitdeer Technologies Group (NASDAQ:BTDR) – Analysts at Northland Capmk cut their FY2024 earnings per share estimates for shares of Bitdeer Technologies Group in a note issued to investors on Wednesday, February 19th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings per share of ($0.66) for the year, down from their prior estimate of ($0.64). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.73) per share. Northland Capmk also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.14) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.11) EPS.

BTDR has been the subject of several other reports. HC Wainwright lifted their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Benchmark raised their target price on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods began coverage on shares of Bitdeer Technologies Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $26.50 price target on the stock. Rosenblatt Securities boosted their price objective on Bitdeer Technologies Group from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, B. Riley boosted their target price on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Bitdeer Technologies Group has an average rating of “Buy” and a consensus price target of $22.23.

Bitdeer Technologies Group Stock Down 12.4 %

Shares of BTDR opened at $13.09 on Friday. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $26.99. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -25.16 and a beta of 2.04. The stock’s 50-day moving average price is $19.22 and its 200-day moving average price is $12.70.

Institutional Trading of Bitdeer Technologies Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Yong Rong HK Asset Management Ltd acquired a new position in Bitdeer Technologies Group during the 4th quarter worth $65,010,000. Trivest Advisors Ltd purchased a new position in Bitdeer Technologies Group during the 4th quarter worth approximately $48,481,000. Van ECK Associates Corp acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $29,125,000. Renaissance Technologies LLC raised its holdings in shares of Bitdeer Technologies Group by 3,558.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company’s stock valued at $26,876,000 after buying an additional 1,206,361 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in Bitdeer Technologies Group during the 4th quarter valued at approximately $16,834,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

About Bitdeer Technologies Group

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.