B. Riley Has Positive Outlook of BTDR FY2024 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR) – Analysts at B. Riley upped their FY2024 earnings per share (EPS) estimates for Bitdeer Technologies Group in a research report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of ($0.62) for the year, up from their prior estimate of ($0.68). B. Riley currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.75) per share. B. Riley also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.14) EPS, FY2025 earnings at $0.58 EPS and FY2026 earnings at $1.01 EPS.

BTDR has been the subject of a number of other research reports. Benchmark boosted their target price on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday, November 19th. Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a “buy” rating and a $14.00 target price on the stock. HC Wainwright raised their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Roth Mkm boosted their price target on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $19.80.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ BTDR opened at $23.56 on Monday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -45.31 and a beta of 2.27. The stock’s fifty day moving average price is $12.78 and its two-hundred day moving average price is $9.90. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $25.51.

Institutional Investors Weigh In On Bitdeer Technologies Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth $66,000. Centiva Capital LP bought a new position in Bitdeer Technologies Group in the third quarter valued at about $91,000. Barclays PLC bought a new position in Bitdeer Technologies Group in the third quarter valued at about $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Bitdeer Technologies Group during the third quarter worth about $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Bitdeer Technologies Group in the third quarter worth about $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.