Bitdeer Technologies Holding Co (BTDR) Is Down -11.97% in 2024 With Lots of Room to Run

Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -11.97% 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 $8.07 in the last trading session, with the day’s gains setting it 0.61%.

Currently trading at $8.68, the stock is 15.21% and 22.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing 7.56% at the moment leaves the stock 15.92% off its SMA200. BTDR registered 144.51% gain for a year compared to 6-month gain of 44.19%. The firm has a 50-day simple moving average (SMA 50) of $7.078 and a 200-day simple moving average (SMA200) of $7.488025.

The stock witnessed a 27.65% loss in the last 1 month and extending the period to 3 months gives it a -26.44%, and is 14.66% 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 8.44% over the week and 7.98% over the month.

Bitdeer Technologies Holding Co (BTDR) has around 211 employees, a market worth around $1.21B and $332.31M in sales. Fwd P/E is 25.54. Profit margin for the company is -19.46%. Distance from 52-week low is 213.36% and -39.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.99%).

with sales reaching $78.85M over the same period.The EPS is expected to shrink by -216.66% this year, but quarterly earnings will post 5.40% year-over-year. Quarterly sales are estimated to shrink -9.70% in year-over-year returns.

Bitdeer Technologies Holding Co (BTDR) Top Institutional Holders

76.0 institutions hold shares in Bitdeer Technologies Holding Co (BTDR), with institutional investors hold 28.09% of the company’s shares. The shares outstanding are 63.57M, and float is at 34.67M with Short Float at 29.55%. Institutions hold 10.24% of the Float.