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Bitdeer Technologies Holding Co (BTDR) Is Now En Route to Higher Prices

Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -25.96% lower on its value in year-to-date trading and has touched a low of $2.77 and a high of $14.27 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 $6.95 in the last trading session, with the day’s gains setting it 0.35%.

Currently trading at $7.30, the stock is 4.73% and 0.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 5.11% at the moment leaves the stock -4.04% off its SMA200. BTDR registered -14.17% loss for a year compared to 6-month loss of 3.55%. The firm has a 50-day simple moving average (SMA 50) of $7.2529 and a 200-day simple moving average (SMA200) of $7.605225.

The stock witnessed a 21.16% gain in the last 1 month and extending the period to 3 months gives it a -41.22%, and is -13.51% down 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 7.89% over the week and 8.09% over the month.

Bitdeer Technologies Holding Co (BTDR) has around 211 employees, a market worth around $1.02B and $332.31M in sales. Fwd P/E is 16.00. Profit margin for the company is -19.46%. Distance from 52-week low is 163.54% and -48.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.99%).

The EPS is expected to shrink by -122.46% this year.

Bitdeer Technologies Holding Co (BTDR) Top Institutional Holders

73.0 institutions hold shares in Bitdeer Technologies Holding Co (BTDR), with institutional investors hold 28.45% of the company’s shares. The shares outstanding are 63.57M, and float is at 34.24M with Short Float at 30.38%. Institutions hold 10.37% of the Float.

Bitdeer Technologies Holding Co (BTDR) Insider Activity

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