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

Bitdeer Technologies Holding Co (NASDAQ: BTDR) is 7.43% higher on its value in year-to-date trading and has touched a low of $5.23 and a high of $26.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BTDR stock was last observed hovering at around $26.10 in the last trading session, with the day’s loss setting it -2.82%.

Currently trading at $23.28, the stock is 7.39% and 53.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.34 million and changing -10.80% at the moment leaves the stock 146.05% off its SMA200. BTDR registered 190.27% gain for a year compared to 6-month gain of 87.44%. The firm has a 50-day simple moving average (SMA 50) of $14.838 and a 200-day simple moving average (SMA200) of $9.386875.

The stock witnessed a 44.78% loss in the last 1 month and extending the period to 3 months gives it a 218.90%, and is -1.56% 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 15.76% over the week and 16.36% over the month.

Fwd P/E is 56.05. Distance from 52-week low is 345.12% and -11.28% from its 52-week high.

The EPS is expected to shrink by -353.02% this year.

Bitdeer Technologies Holding Co (BTDR) Top Institutional Holders

104.0 institutions hold shares in Bitdeer Technologies Holding Co (BTDR), with institutional investors hold 48.15% of the company’s shares. The shares outstanding are 139.78M, and float is at 33.91M with Short Float at 36.72%. Institutions hold 17.15% of the Float.

The top institutional shareholder in the company is TOROSO INVESTMENTS, LLC with over 0.48 million shares valued at $4.92 million. The investor’s holdings represent 0.3792% of the BTDR Shares outstanding. As of 2024-06-30, the second largest holder is IDG CHINA VENTURE CAPITAL FUND IV ASSOCIATES L.P. with 91308.0 shares valued at $$0.94 million to account for 0.0722 of the shares outstanding. The other top investors are HEL VED CAPITAL MANAGEMENT LTD which holds 86665.0 shares representing 0.0685% and valued at over $0.89 million, while TUDOR INVESTMENT CORP ET AL holds 0.0307 of the shares totaling 38859.0 with a market value of $0.4 million.