Bitdeer Technologies Group Forecasted to Post Q3 2024 Earnings of ($0.10) Per Share (NASDAQ:BTDR)

Bitdeer Technologies Group (NASDAQ:BTDR) – Equities research analysts at Northland Capmk issued their Q3 2024 earnings per share estimates for Bitdeer Technologies Group in a research note issued to investors on Wednesday, October 9th. Northland Capmk analyst M. Grondahl forecasts that the company will post earnings of ($0.10) per share for the quarter. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.31) per share. Northland Capmk also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.31) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.24 EPS.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). Bitdeer Technologies Group had a negative net margin of 5.69% and a negative return on equity of 2.56%. The firm had revenue of $99.23 million for the quarter, compared to the consensus estimate of $110.79 million.

Several other equities research analysts have also weighed in on the company. Roth Mkm restated a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Monday, July 1st. Northland Securities started coverage on Bitdeer Technologies Group in a report on Wednesday, October 9th. They issued an “outperform” rating and a $13.00 target price on the stock. HC Wainwright dropped their target price on Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Rosenblatt Securities reissued a “buy” rating and issued a $9.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. Finally, Alliance Global Partners started coverage on Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $13.70.

Bitdeer Technologies Group Stock Up 10.2 %

NASDAQ BTDR opened at $7.57 on Monday. Bitdeer Technologies Group has a twelve month low of $2.77 and a twelve month high of $14.27. The firm has a market capitalization of $847.61 million, a PE ratio of -39.84 and a beta of 1.92. The stock’s 50 day moving average is $7.02 and its 200 day moving average is $7.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. purchased a new stake in Bitdeer Technologies Group during the fourth quarter valued at $15,350,000. Van ECK Associates Corp increased its position in Bitdeer Technologies Group by 10.5% in the first quarter. Van ECK Associates Corp now owns 1,216,060 shares of the company’s stock worth $8,537,000 after buying an additional 115,882 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Bitdeer Technologies Group during the second quarter worth about $4,510,000. Thomist Capital Management LP purchased a new stake in shares of Bitdeer Technologies Group during the second quarter worth about $1,156,000. Finally, D1 Capital Partners L.P. purchased a new stake in shares of Bitdeer Technologies Group during the second quarter worth about $5,386,000. 22.25% of the stock is owned by 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.