B. Riley Research Analysts Lift Earnings Estimates for BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) – Investment analysts at B. Riley upped their FY2024 earnings per share estimates for shares of Bitdeer Technologies Group in a research report issued to clients and investors on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will post earnings of ($0.62) per share for the year, up from their prior forecast of ($0.68). B. Riley currently has a “Buy” rating and a $24.00 price target on the stock. The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.75) per share. B. Riley also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.14) EPS, FY2025 earnings at $0.58 EPS and FY2026 earnings at $1.01 EPS.

A number of other research analysts also recently commented on the company. Benchmark boosted their target price on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Rosenblatt Securities boosted their price target on Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, December 6th. HC Wainwright raised their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. They issued a “buy” rating and a $14.00 target price for the company. Finally, Roth Mkm increased 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 note on Tuesday, December 17th. Ten equities research 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, the stock has a consensus rating of “Buy” and an average target price of $19.80.

Bitdeer Technologies Group Price Performance

NASDAQ:BTDR opened at $20.49 on Monday. 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 fifty-two week low of $5.23 and a fifty-two week high of $25.51. The stock’s 50-day moving average is $12.53 and its two-hundred day moving average is $9.78.

Institutional Trading of Bitdeer Technologies Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Bitdeer Technologies Group during the 3rd quarter valued at $66,000. Centiva Capital LP bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth about $91,000. Barclays PLC bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth about $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Bitdeer Technologies Group during the third quarter valued at about $169,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Bitdeer Technologies Group by 96.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 44,328 shares of the company’s stock valued at $347,000 after buying an additional 21,798 shares during the period. Institutional investors and hedge funds 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.