Things appear to be looking up for Bitdeer Technologies Holding Co (BTDR)

Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -49.61% lower on its value in year-to-date trading and has touched a low of $5.25 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 $10.25 in the last trading session, with the day’s gains setting it 0.67%.

Currently trading at $10.92, the stock is 20.46% and 12.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.49 million and changing 6.54% at the moment leaves the stock -5.96% off its SMA200. BTDR registered 93.62% gain for a year compared to 6-month gain of 40.18%.

The stock witnessed a 35.99% loss in the last 1 month and extending the period to 3 months gives it a -35.35%, and is 10.86% 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 9.35% over the week and 11.84% over the month.

Bitdeer Technologies Holding Co (BTDR) has around 246 employees, a market worth around $2.10B and $349.78M in sales. Fwd P/E is 8.23. Profit margin for the company is -171.29%. Distance from 52-week low is 108.00% and -59.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-171.54%).

The EPS is expected to grow by 92.22% this year.

Bitdeer Technologies Holding Co (BTDR) Top Institutional Holders

The shares outstanding are 143.92M, and float is at 79.62M with Short Float at 27.81%.

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.