Key Points
- CFO Michael Potter purchased 25,000 Bitdeer shares at an average price of $9.04, investing $226,000 and bringing his ownership to 25,000 shares.
- Bitdeer shares opened at $8.76, down 2.9%, while the company reported a quarterly loss of $0.37 per share on $228.78 million in revenue. Analysts expect a full-year loss of $1.54 per share.
- Institutional ownership stands at 22.25%, and analysts maintain a “Moderate Buy” consensus with an average price target of $24.82, despite mixed individual rating changes.
Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) CFO Michael Potter purchased 25,000 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of $9.04 per share, with a total value of $226,000.00. Following the purchase, the chief financial officer owned 25,000 shares of the company's stock, valued at approximately $226,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Bitdeer Technologies Group Trading Down 2.9%
BTDR stock opened at $8.76 on Friday. Bitdeer Technologies Group has a 1-year low of $6.92 and a 1-year high of $27.80. The firm has a market cap of $2.06 billion, a P/E ratio of -2.86 and a beta of 2.50. The business's 50 day moving average is $13.69 and its 200-day moving average is $12.20. The company has a current ratio of 1.85, a quick ratio of 1.11 and a debt-to-equity ratio of 1.88.
Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported ($0.37) EPS for the quarter. The company had revenue of $228.78 million for the quarter. Bitdeer Technologies Group had a negative return on equity of 61.88% and a negative net margin of 55.15%. Equities analysts anticipate that Bitdeer Technologies Group will post -1.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Bitdeer Technologies Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTDR. Fund Resources Investment Holding Group Co Ltd acquired a new position in shares of Bitdeer Technologies Group during the fourth quarter worth approximately $102,732,000. Bank of America Corp DE increased its holdings in shares of Bitdeer Technologies Group by 1,366.7% in the first quarter. Bank of America Corp DE now owns 3,227,585 shares of the company's stock valued at $27,919,000 after purchasing an additional 3,007,523 shares in the last quarter. Value Aligned Research Advisors LLC increased its holdings in shares of Bitdeer Technologies Group by 137.0% in the fourth quarter. Value Aligned Research Advisors LLC now owns 3,267,614 shares of the company's stock valued at $36,630,000 after purchasing an additional 1,888,825 shares in the last quarter. Situational Awareness LP raised its position in Bitdeer Technologies Group by 92.4% in the 1st quarter. Situational Awareness LP now owns 3,439,450 shares of the company's stock worth $29,751,000 after purchasing an additional 1,651,450 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Bitdeer Technologies Group by 100.1% in the 4th quarter. Van ECK Associates Corp now owns 1,694,193 shares of the company's stock worth $18,992,000 after purchasing an additional 847,486 shares during the last quarter. Institutional investors and hedge funds own 22.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on BTDR shares. Wall Street Zen cut Bitdeer Technologies Group from a "sell" rating to a "strong sell" rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Bitdeer Technologies Group from a "sell (d-)" rating to a "hold (c-)" rating in a report on Monday, May 18th. Keefe, Bruyette & Woods decreased their price objective on shares of Bitdeer Technologies Group from $14.00 to $10.00 and set a "market perform" rating on the stock in a research note on Thursday. Citizens Jmp began coverage on shares of Bitdeer Technologies Group in a report on Wednesday, June 24th. They set a "market outperform" rating and a $35.00 price objective for the company. Finally, B. Riley Financial reduced their target price on Bitdeer Technologies Group from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group has a consensus rating of "Moderate Buy" and a consensus price target of $24.82.
View Our Latest Stock Analysis on Bitdeer Technologies Group
About Bitdeer Technologies Group
(
Get Free Report)
Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.
Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
