Roth Capital Analysts Increase Earnings Estimates for BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) – Analysts at Roth Capital lifted their FY2024 earnings per share (EPS) estimates for Bitdeer Technologies Group in a research note issued to investors on Tuesday, December 17th. Roth Capital analyst D. Aftahi now expects that the company will earn ($0.84) per share for the year, up from their prior forecast of ($0.87). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.75) per share. Roth Capital also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.31) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $0.30 EPS and FY2026 earnings at $1.59 EPS.

BTDR has been the topic of several other research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $13.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Benchmark lifted their target price on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Alliance Global Partners started coverage on Bitdeer Technologies Group in a report on Tuesday, October 8th. They set a “buy” rating and a $14.00 price target on the stock. Finally, HC Wainwright boosted their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bitdeer Technologies Group currently has an average rating of “Buy” and a consensus target price of $19.80.

Bitdeer Technologies Group Trading Up 13.0 %

Shares of NASDAQ:BTDR opened at $20.49 on Thursday. The stock has a 50 day moving average of $12.53 and a 200 day moving average of $9.77. The company 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 Investors Weigh In On Bitdeer Technologies Group

A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group during the third quarter valued at approximately $66,000. Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $91,000. Barclays PLC bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at approximately $169,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Bitdeer Technologies Group in the second quarter valued at $272,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

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.