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Why Bitdeer Technologies Holding Co (BTDR) Stock Could See Much Higher Prices Ahead

Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -23.63% lower on its value in year-to-date trading and has touched a low of $2.91 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 $7.74 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $7.53, the stock is -0.79% and 5.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing -2.71% at the moment leaves the stock 0.64% off its SMA200. BTDR registered 102.42% gain for a year compared to 6-month gain of 18.58%. The firm has a 50-day simple moving average (SMA 50) of $7.1192 and a 200-day simple moving average (SMA200) of $7.481875.

The stock witnessed a -5.87% loss in the last 1 month and extending the period to 3 months gives it a -21.56%, and is -13.25% 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 6.37% over the week and 7.85% over the month.

Bitdeer Technologies Holding Co (BTDR) has around 211 employees, a market worth around $1.05B and $332.31M in sales. Fwd P/E is 22.15. Profit margin for the company is -19.46%. Distance from 52-week low is 158.76% and -47.23% 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

77.0 institutions hold shares in Bitdeer Technologies Holding Co (BTDR), with institutional investors hold 28.50% of the company’s shares. The shares outstanding are 63.57M, and float is at 34.67M with Short Float at 28.45%. Institutions hold 10.39% of the Float.

Bitdeer Technologies Holding Co (BTDR) Insider Activity

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