HC Wainwright Boosts Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $18.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target hoisted by HC Wainwright from $17.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price target would suggest a potential upside of 51.39% from the stock’s current price.

A number of other brokerages have also issued reports on BTDR. B. Riley lowered their price target on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, October 11th. Northland Securities boosted their price target on Bitdeer Technologies Group from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Tuesday. Cantor Fitzgerald restated an “overweight” rating and set a $13.00 target price on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a report on Thursday, September 26th. Finally, Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $14.80.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ BTDR opened at $11.89 on Tuesday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -22.87 and a beta of 1.92. The stock has a 50 day moving average price of $8.26 and a 200 day moving average price of $8.09. Bitdeer Technologies Group has a 52-week low of $3.91 and a 52-week high of $14.27.

Institutional Trading of Bitdeer Technologies Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Bitdeer Technologies Group during the 3rd quarter valued at $66,000. Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group during the 3rd quarter valued at $91,000. Barclays PLC purchased a new stake in shares of Bitdeer Technologies Group during the 3rd quarter valued at $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $169,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at $272,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

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.