Bitdeer Technologies Group (NASDAQ:BTDR) Shares Gap Down to $6.96

Shares of Bitdeer Technologies Group (NASDAQ:BTDRGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $6.96, but opened at $6.67. Bitdeer Technologies Group shares last traded at $6.64, with a volume of 178,116 shares changing hands.

Wall Street Analysts Forecast Growth

BTDR has been the topic of several analyst reports. HC Wainwright reiterated a “buy” rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday, March 26th. BTIG Research began coverage on Bitdeer Technologies Group in a research report on Wednesday, March 13th. They set a “buy” rating and a $15.00 price target on the stock. Roth Mkm assumed coverage on Bitdeer Technologies Group in a research report on Thursday, February 29th. They set a “buy” rating and a $14.00 price target on the stock. Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a report on Wednesday, March 27th. Finally, B. Riley initiated coverage on Bitdeer Technologies Group in a report on Tuesday, March 12th. They set a “buy” rating and a $9.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $14.20.

Get Our Latest Analysis on BTDR

Bitdeer Technologies Group Trading Down 0.9 %

The stock has a 50 day moving average price of $7.32 and a two-hundred day moving average price of $6.90. The company has a market cap of $772.35 million, a price-to-earnings ratio of -16.52 and a beta of 1.70.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new stake in shares of Bitdeer Technologies Group in the fourth quarter valued at approximately $15,350,000. Wellington Management Group LLP bought a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth $116,000. Barclays PLC grew its stake in shares of Bitdeer Technologies Group by 880.4% during the fourth quarter. Barclays PLC now owns 50,000 shares of the company’s stock worth $493,000 after buying an additional 44,900 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Bitdeer Technologies Group by 422.7% during the fourth quarter. Vident Advisory LLC now owns 303,260 shares of the company’s stock worth $2,990,000 after buying an additional 245,242 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth $127,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

About Bitdeer Technologies Group

(Get Free Report)

Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations.

Further Reading

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