Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -30.41% lower on its value in year-to-date trading and has touched a low of $5.40 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 $14.75 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $15.08, the stock is 18.90% and 42.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.97 million and changing 2.24% at the moment leaves the stock 26.72% off its SMA200. BTDR registered 150.08% gain for a year compared to 6-month loss of 27.26%. The firm has a 50-day simple moving average (SMA 50) of $10.5509 and a 200-day simple moving average (SMA200) of $11.9003.
The stock witnessed a 53.25% gain in the last 1 month and extending the period to 3 months gives it a 15.20%, and is 9.83% 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 3.62% over the week and 5.85% over the month.
Bitdeer Technologies Holding Co (BTDR) has around 246 employees, a market worth around $2.97B and $300.40M in sales. Fwd P/E is 19.78. Profit margin for the company is -63.34%. Distance from 52-week low is 179.26% and -44.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.78%).
with sales reaching $85.67M over the same period.The EPS is expected to grow by 124.38% this year, but quarterly earnings will post 39.30% year-over-year. Quarterly sales are estimated to shrink -13.66% in year-over-year returns.
143.0 institutions hold shares in Bitdeer Technologies Holding Co (BTDR), with institutional investors hold 39.76% of the company’s shares. The shares outstanding are 129.03M, and float is at 78.77M with Short Float at 30.21%. Institutions hold 23.20% 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.
