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

Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -30.64% 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 $16.50 in the last trading session, with the day’s loss setting it -1.47%.

Currently trading at $15.03, the stock is -14.08% and -22.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.29 million and changing -8.91% at the moment leaves the stock 35.74% off its SMA200. BTDR registered 71.77% gain for a year compared to 6-month gain of 137.44%.

The stock witnessed a -30.22% loss in the last 1 month and extending the period to 3 months gives it a 41.79%, and is -13.67% 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 8.80% over the week and 10.42% over the month.

Fwd P/E is 40.37. Distance from 52-week low is 187.38% and -44.31% from its 52-week high.

with sales reaching $71.35M over the same period.The EPS is expected to shrink by -367.73% this year, but quarterly earnings will post -4.63% year-over-year. Quarterly sales are estimated to shrink -37.88% in year-over-year returns.

Bitdeer Technologies Holding Co (BTDR) Top Institutional Holders

The shares outstanding are 91.38M, and float is at 87.61M with Short Float at 16.75%.

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.