A Look at Bitdeer Technologies Holding Co (BTDR) Shares in the Recent Past Indicates Growth

With 3.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.44 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $12.01 whereas the lowest price it dropped to was $11.12. The 52-week range on BTDR shows that it touched its highest point at $14.27 and its lowest point at $4.12 during that stretch. It currently has a 1-year price target of $16.11. Beta for the stock currently stands at 2.12.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTDR was down-trending over the past week, with a drop of -3.29%, but this was up by 19.10% over a month. Three-month performance surged to 69.35% while six-month performance rose 86.62%. The stock gained 166.99% in the past year, while it has gained 13.18% so far this year. A look at the trailing 12-month EPS for BTDR yields -1.24 with Next year EPS estimates of 0.25. For the next quarter, that number is -0.13. This implies an EPS growth rate of -321.89% for this year and 156.31% for next year.

Float and Shares Shorts:

At present, 63.57 million BTDR shares are outstanding with a float of 33.91 million shares on hand for trading. On 2024-10-31, short shares totaled 10.71 million, which was 640.0 higher than short shares on 1727654400. In addition to Mr. Jihan Wu as the firm’s Founder, Chairman & CEO, Mr. Jianchun Liu serves as its CFO, Head of Business Operations & Director.

Institutional Ownership:

Through their ownership of 0.17153999 of BTDR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, BTDR reported revenue of $62029000.0 and operating income of -$38908000.0. The EBITDA in the recently reported quarter was -$38908000.0 and diluted EPS was -$0.35.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTDR since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BTDR analysts setting a high price target of 21.2 and a low target of 14.0, the average target price over the next 12 months is 16.10909. Based on these targets, BTDR could surge 89.96% to reach the target high and rise by 25.45% to reach the target low. Reaching the average price target will result in a growth of 44.35% from current levels.

Analysts have provided yearly estimates in a range of -$0.26727 being high and -$0.70636 being low. For BTDR, this leads to a yearly average estimate of -$0.43909. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is -$0.2. The average estimate for the next quarter is thus -$0.04.