Roth Mkm Forecasts Strong Price Appreciation for Bitdeer Technologies Group (NASDAQ:BTDR) Stock

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price raised by equities researchers at Roth Mkm from $14.00 to $15.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential upside of 30.55% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday. B. Riley cut their price target on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Cantor Fitzgerald reissued an “overweight” rating and set a $13.00 target price on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. HC Wainwright boosted their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $9.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bitdeer Technologies Group has an average rating of “Buy” and an average target price of $14.00.

Bitdeer Technologies Group Stock Performance

NASDAQ BTDR traded down $0.36 on Tuesday, reaching $11.49. The company’s stock had a trading volume of 1,202,448 shares, compared to its average volume of 2,245,686. The firm’s 50 day moving average is $8.04 and its two-hundred day moving average is $8.02. Bitdeer Technologies Group has a twelve month low of $3.91 and a twelve month high of $14.27. The stock has a market cap of $1.29 billion, a PE ratio of -60.47 and a beta of 1.92.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several large investors have recently modified their holdings of BTDR. Public Employees Retirement System of Ohio acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at $66,000. Centiva Capital LP bought a new stake in Bitdeer Technologies Group during the third quarter worth about $91,000. Barclays PLC acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Bitdeer Technologies Group in the third quarter valued at approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $220,000. 22.25% of the stock is currently owned by institutional investors.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.