Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) was the recipient of unusually large options trading on Thursday. Stock traders acquired 9,331 call options on the company. This represents an increase of approximately 659% compared to the typical volume of 1,230 call options.
Bitdeer Technologies Group Stock Down 19.0 %
NASDAQ BTDR traded down $1.47 on Thursday, reaching $6.26. 12,268,747 shares of the stock traded hands, compared to its average volume of 1,859,185. Bitdeer Technologies Group has a 12 month low of $2.77 and a 12 month high of $14.65. The company has a market cap of $700.91 million, a price-to-earnings ratio of -17.24 and a beta of 1.96. The firm’s fifty day simple moving average is $9.55 and its 200 day simple moving average is $7.71.
Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last announced its earnings results on Monday, May 13th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $119.51 million for the quarter, compared to the consensus estimate of $119.12 million. Bitdeer Technologies Group had a negative net margin of 11.21% and a negative return on equity of 3.98%. As a group, equities research analysts forecast that Bitdeer Technologies Group will post 0.07 EPS for the current fiscal year.
Institutional Investors Weigh In On Bitdeer Technologies Group
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Cantor Fitzgerald upgraded Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, June 12th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday. HC Wainwright lowered their price target on Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and set a $9.00 price objective on shares of Bitdeer Technologies Group in a research note on Wednesday. Finally, Benchmark reissued a “buy” rating and issued a $16.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday. Seven research 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.com, the company presently has an average rating of “Buy” and a consensus target price of $14.00.
Check Out Our Latest Report on Bitdeer Technologies Group
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.
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