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

Bitdeer Technologies Group (NASDAQ:BTDR) – Equities research analysts at Northland Capmk cut their FY2024 EPS estimates for shares of Bitdeer Technologies Group in a note issued to investors on Wednesday, February 19th. Northland Capmk analyst M. Grondahl now forecasts that the company will earn ($0.66) per share for the year, down from their previous 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.

Other research analysts also recently issued research reports about the company. Northland Securities raised their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Benchmark raised their target price on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. B. Riley upped their price target on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Needham & Company LLC upped their price target on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Roth Mkm upped their price target on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Buy” and an average price target of $22.23.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ: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 stock has a 50 day moving average price of $19.22 and a 200-day moving average price of $12.73. The firm has a market capitalization of $1.47 billion, a P/E ratio of -25.16 and a beta of 2.04.

Institutional Investors Weigh In On Bitdeer Technologies Group

Institutional investors have recently made changes to their positions in the company. Quarry LP bought a new stake in Bitdeer Technologies Group in the fourth quarter worth about $42,000. Stonebridge Financial Group LLC bought a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $65,000. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $66,000. SBI Securities Co. Ltd. bought a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth $79,000. Finally, Centiva Capital LP bought a new stake in shares of Bitdeer Technologies Group during the third quarter worth $91,000. Institutional investors own 22.25% of the company’s stock.

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.