Bitdeer Technologies Holding Co (NASDAQ: BTDR) has experienced a decline in its stock price by -0.61 compared to its previous closing price of 7.36. However, the company has seen a fall of -23.85% in its stock price over the last five trading days. zacks.com reported 2024-07-09 that BITDEER TEC GRP (BTDR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the road.
Is It Worth Investing in Bitdeer Technologies Holding Co (NASDAQ: BTDR) Right Now?
The 36-month beta value for BTDR is also noteworthy at 2.02. 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 21.26M, and at present, short sellers hold a 13.13% of that float. The average trading volume of BTDR on August 06, 2024 was 1.95M shares.
BTDR’s Market Performance
The stock of Bitdeer Technologies Holding Co (BTDR) has seen a -23.85% decrease in the past week, with a -36.66% drop in the past month, and a 27.35% gain in the past quarter. The volatility ratio for the week is 11.67%, and the volatility levels for the past 30 days are at 11.48% for BTDR. The simple moving average for the past 20 days is -28.40% for BTDR’s stock, with a 3.64% simple moving average for the past 200 days.
Analysts’ Opinion of BTDR
Many brokerage firms have already submitted their reports for BTDR stocks, with Cantor Fitzgerald repeating the rating for BTDR by listing it as a “Overweight.” The predicted price for BTDR in the upcoming period, according to Cantor Fitzgerald is $13 based on the research report published on June 11, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see BTDR reach a price target of $14. The rating they have provided for BTDR stocks is “Buy” according to the report published on April 15th, 2024.
Rosenblatt gave a rating of “Buy” to BTDR, setting the target price at $10.50 in the report published on April 09th of the current year.
BTDR Trading at -19.79% 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 -50.10% of loss for the given period.
Volatility was left at 11.48%, however, over the last 30 days, the volatility rate increased by 11.67%, as shares sank -41.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.90% upper at present.
During the last 5 trading sessions, BTDR fell by -23.85%, which changed the moving average for the period of 200-days by +82.75% in comparison to the 20-day moving average, which settled at $9.95. In addition, Bitdeer Technologies Holding Co saw -25.86% 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:
- -0.11 for the present operating margin
- 0.24 for the gross margin
The net margin for Bitdeer Technologies Holding Co stands at -0.11. The total capital return value is set at -0.09.
Based on Bitdeer Technologies Holding Co (BTDR), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 2.84. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -51.1.
Currently, EBITDA for the company is 46.52 million with net debt to EBITDA at 0.84. When we switch over and look at the enterprise to sales, we see a ratio of 2.37. The receivables turnover for the company is 14.49for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
In summary, Bitdeer Technologies Holding Co (BTDR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
