Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -5.21% lower on its value in year-to-date trading and has touched a low of $5.23 and a high of $26.99 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 $21.71 in the last trading session, with the day’s loss setting it -1.17%.
Currently trading at $20.54, the stock is -3.87% and 17.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.64 million and changing -5.39% at the moment leaves the stock 103.40% off its SMA200. BTDR registered 220.94% gain for a year compared to 6-month gain of 74.07%. The firm has a 50-day simple moving average (SMA 50) of $17.2455 and a 200-day simple moving average (SMA200) of $10.03075.
The stock witnessed a 5.88% loss in the last 1 month and extending the period to 3 months gives it a 136.64%, and is 7.88% 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 12.71% over the week and 13.47% over the month.
Fwd P/E is 48.40. Distance from 52-week low is 292.73% and -23.90% from its 52-week high.
The EPS is expected to shrink by -355.78% this year
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 91.38M, and float is at 86.63M with Short Float at 15.37%. Institutions hold 17.15% of the Float.
The top institutional shareholder in the company is NISHKAMA CAPITAL, LLC with over 1.2 million shares valued at $12.27 million. The investor’s holdings represent 0.9454 of the BTDR Shares outstanding. As of 2024-06-30, the second largest holder is VIDENT ADVISORY, LLC with 0.69 million shares valued at $7.08 million to account for 0.5453 of the shares outstanding. The other top investors are D1 CAPITAL PARTNERS L.P. which holds 0.53 million shares representing 0.4149 and valued at over $5.39 million, while MARSHALL WACE, LLP holds 0.3909 of the shares totaling 0.49 million with a market value of $5.07 million.
