FY2024 Earnings Estimate for BTDR Issued By B. Riley

Bitdeer Technologies Group (NASDAQ:BTDR) – Analysts at B. Riley upped their FY2024 earnings per share (EPS) 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 per share of ($0.62) for the year, up from their previous 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 have also issued reports on the stock. Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price objective for the company. HC Wainwright upped their price target 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. Northland Securities lifted their price target on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $19.80.

Bitdeer Technologies Group Trading Up 14.8 %

Bitdeer Technologies Group stock opened at $23.56 on Monday. The stock has a 50-day moving average price of $12.78 and a two-hundred day moving average price of $9.90. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $25.51. The company has a market capitalization of $2.64 billion, a PE ratio of -45.31 and a beta of 2.27.

Institutional Trading of Bitdeer Technologies Group

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

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.