Shares of Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.80.
A number of equities analysts have recently weighed in on BTDR shares. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Benchmark increased their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. B. Riley boosted their target price on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Finally, 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.
Get Our Latest Stock Analysis on Bitdeer Technologies Group
Institutional Investors Weigh In On Bitdeer Technologies Group
Bitdeer Technologies Group Stock Down 5.7 %
Bitdeer Technologies Group stock opened at $18.58 on Thursday. The company’s 50-day moving average price is $16.21 and its two-hundred day moving average price is $11.05. The stock has a market cap of $2.08 billion, a P/E ratio of -35.73 and a beta of 2.09. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $26.99.
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.
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