Bitdeer Technologies Holding Co (NASDAQ: BTDR) is -35.44% 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 $12.63 in the last trading session, with the day’s gains setting it 1.36%.
Currently trading at $13.99, the stock is -1.11% and 24.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.33 million and changing 10.77% at the moment leaves the stock 14.61% off its SMA200. BTDR registered 95.66% gain for a year compared to 6-month loss of -5.41%. The firm has a 50-day simple moving average (SMA 50) of $11.211 and a 200-day simple moving average (SMA200) of $12.20625.
The stock witnessed a 23.26% gain in the last 1 month and extending the period to 3 months gives it a 27.18%, and is 8.79% 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 6.18% over the week and 5.02% over the month.
Bitdeer Technologies Holding Co (BTDR) has around 246 employees, a market worth around $2.75B and $300.40M in sales. Fwd P/E is 19.26. Profit margin for the company is -63.34%. Distance from 52-week low is 159.07% and -48.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.78%).
with sales reaching $88.08M over the same period.The EPS is expected to grow by 131.19% this year, but quarterly earnings will post 41.31% year-over-year. Quarterly sales are estimated to shrink -11.23% in year-over-year returns.
Bitdeer Technologies Holding Co (BTDR) Top Institutional Holders
146.0 institutions hold shares in Bitdeer Technologies Holding Co (BTDR), with institutional investors hold 41.71% of the company’s shares. The shares outstanding are 129.03M, and float is at 74.77M with Short Float at 31.35%. Institutions hold 23.24% 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.
