Bitdeer Technologies Group (NASDAQ:BTDR) Given New $24.00 Price Target at B. Riley

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price upped by equities research analysts at B. Riley from $15.00 to $24.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective would suggest a potential upside of 17.13% from the stock’s current price.

BTDR has been the topic of several other research reports. Benchmark boosted their price objective 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. Northland Securities boosted their price target on Bitdeer Technologies Group from $14.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Roth Mkm raised their price objective on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday. HC Wainwright lifted their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Rosenblatt Securities increased their target price on Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $19.80.

Bitdeer Technologies Group Trading Up 13.0 %

Shares of BTDR stock opened at $20.49 on Thursday. The company’s fifty day moving average price is $12.53 and its 200-day moving average price is $9.77. The stock has a market cap of $2.29 billion, a PE ratio of -39.40 and a beta of 2.27. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $25.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirabella Financial Services LLP bought a new stake in Bitdeer Technologies Group in the 3rd quarter worth about $5,872,000. D1 Capital Partners L.P. purchased a new stake in shares of Bitdeer Technologies Group during the 2nd quarter valued at about $5,386,000. Marshall Wace LLP bought a new stake in shares of Bitdeer Technologies Group in the second quarter worth approximately $5,074,000. Point72 Asset Management L.P. purchased a new position in shares of Bitdeer Technologies Group during the second quarter valued at approximately $4,617,000. Finally, Point72 Hong Kong Ltd bought a new position in Bitdeer Technologies Group during the second quarter valued at approximately $4,510,000. 22.25% of the stock is owned by 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.