Bitdeer Technologies Holding Co (BTDR) Stock: A Closer Look at the Moving Averages

The stock of Bitdeer Technologies Holding Co (BTDR) has seen a 3.63% increase in the past week, with a 5.14% gain in the past month, and a -19.13% decrease in the past quarter. The volatility ratio for the week is 6.98%, and the volatility levels for the past 30 days are at 11.34% for BTDR. The simple moving average for the last 20 days is 1.55% for BTDR stock, with a simple moving average of -14.89% for the last 200 days.

Is It Worth Investing in Bitdeer Technologies Holding Co (NASDAQ: BTDR) Right Now?

Additionally, the 36-month beta value for BTDR is 1.70. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for BTDR is 27.35M and currently, short sellers hold a 6.40% ratio of that float. The average trading volume of BTDR on April 03, 2024 was 1.94M shares.

BTDR) stock’s latest price update

The stock price of Bitdeer Technologies Holding Co (NASDAQ: BTDR) has surged by 2.59 when compared to previous closing price of 7.00, but the company has seen a 3.63% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that BTDR and SB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 1, 2023.

Analysts’ Opinion of BTDR

Many brokerage firms have already submitted their reports for BTDR stocks, with The Benchmark Company repeating the rating for BTDR by listing it as a “Buy.” The predicted price for BTDR in the upcoming period, according to The Benchmark Company is $13 based on the research report published on March 14, 2024 of the current year 2024.

BTIG Research, on the other hand, stated in their research note that they expect to see BTDR reach a price target of $15. The rating they have provided for BTDR stocks is “Buy” according to the report published on March 13th, 2024.

B. Riley Securities gave a rating of “Buy” to BTDR, setting the target price at $9 in the report published on March 12th of the current year.

BTDR Trading at -1.41% from the 50-Day Moving Average

After a stumble in the market that brought BTDR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.31% of loss for the given period.

Volatility was left at 11.34%, however, over the last 30 days, the volatility rate increased by 6.98%, as shares surge +9.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.26% upper at present.

During the last 5 trading sessions, BTDR rose by +2.31%, which changed the moving average for the period of 200-days by -6.22% in comparison to the 20-day moving average, which settled at $7.10. In addition, Bitdeer Technologies Holding Co saw -27.17% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for BTDR

Current profitability levels for the company are sitting at:

  • -0.24 for the present operating margin
  • 0.19 for the gross margin

The net margin for Bitdeer Technologies Holding Co stands at -0.2. The total capital return value is set at -0.19. Equity return is now at value -32.16, with -17.33 for asset returns.

Based on Bitdeer Technologies Holding Co (BTDR), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.61. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is -71.43.

Currently, EBITDA for the company is 46.52 million with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 15.84for trailing twelve months and the total asset turnover is 0.52.

Conclusion

In conclusion, Bitdeer Technologies Holding Co (BTDR) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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