Bitdeer Technologies Holding Co (BTDR) Stock Could Soon Reward Patient Investors

Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -19.98% lower on its value in year-to-date trading and has touched a low of $2.77 and a high of $14.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BTDR stock was last observed hovering at around $8.25 in the last trading session, with the day’s loss setting it -0.36%.

Currently trading at $7.89, the stock is 10.06% and 6.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.77 million and changing -4.36% at the moment leaves the stock -3.63% off its SMA200. BTDR registered -24.13% loss for a year compared to 6-month loss of -15.07%. The firm has a 50-day simple moving average (SMA 50) of $2.65 and a 200-day simple moving average (SMA200) of -$10.86.

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The stock witnessed a 3.27% gain in the last 1 month and extending the period to 3 months gives it a 109.28%, and is 3.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.82% over the week and 13.80% over the month.

Fwd P/E is 98.62. Profit margin for the company is -19.46%. Distance from 52-week low is 184.84% and -46.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.68%).

Bitdeer Technologies Holding Co quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $124.1M over the same period.The EPS is expected to shrink by -31.48% this year.

Bitdeer Technologies Holding Co (BTDR) Top Institutional Holders

42 institutions hold shares in Bitdeer Technologies Holding Co (BTDR), with institutional investors hold 33.79% of the company’s shares. The shares outstanding are 62.89M, and float is at 22.46M with Short Float at 7.05%. Institutions hold 14.41% of the Float.

The top institutional shareholder in the company is SC China Holding Ltd with over 4.04 million shares valued at $45.24 million. The investor’s holdings represent 3.63% of the BTDR Shares outstanding. As of Jun 29, 2023, the second largest holder is Sc Us (ttgp), Ltd. with 1.28 million shares valued at $14.29 million to account for 1.15% of the shares outstanding. The other top investors are Van Eck Associates Corporation which holds 0.58 million shares representing 0.52% and valued at over $6.44 million, while Coatue Management LLC holds 0.40% of the shares totaling 0.45 million with a market value of $5.0 million.