The 36-month beta value for BTDR is at 2.00. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BTDR is 33.91M, and currently, shorts hold a 31.58% of that float. The average trading volume for BTDR on November 18, 2024 was 3.01M shares.
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BTDR) stock’s latest price update
Bitdeer Technologies Holding Co (NASDAQ: BTDR)’s stock price has increased by 2.89 compared to its previous closing price of 11.09. However, the company has seen a 0.63% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-18 that Bitdeer Technologies Group (BTDR) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to earnings of $0.09 per share a year ago.
BTDR’s Market Performance
BTDR’s stock has risen by 0.63% in the past week, with a monthly rise of 31.46% and a quarterly rise of 69.55%. The volatility ratio for the week is 14.83% while the volatility levels for the last 30 days are 9.99% for Bitdeer Technologies Holding Co The simple moving average for the last 20 days is 25.71% for BTDR stock, with a simple moving average of 48.93% for the last 200 days.
Analysts’ Opinion of BTDR
Many brokerage firms have already submitted their reports for BTDR stocks, with Northland Capital repeating the rating for BTDR by listing it as a “Outperform.” The predicted price for BTDR in the upcoming period, according to Northland Capital is $13 based on the research report published on October 09, 2024 of the current year 2024.
Alliance Global Partners, 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 October 08th, 2024.
Rosenblatt gave a rating of “Buy” to BTDR, setting the target price at $9 in the report published on August 14th of the current year.
BTDR Trading at 42.02% 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 -20.04% of loss for the given period.
Volatility was left at 9.99%, however, over the last 30 days, the volatility rate increased by 14.83%, as shares surge +41.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +105.24% upper at present.
During the last 5 trading sessions, BTDR rose by +3.53%, which changed the moving average for the period of 200-days by +53.26% in comparison to the 20-day moving average, which settled at $9.09. In addition, Bitdeer Technologies Holding Co saw 15.73% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BTDR
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.25 for the gross margin
The net margin for Bitdeer Technologies Holding Co stands at -0.06. The total capital return value is set at -0.03.
Based on Bitdeer Technologies Holding Co (BTDR), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -0.92.
Currently, EBITDA for the company is 27.4 million with net debt to EBITDA at -1.92. When we switch over and look at the enterprise to sales, we see a ratio of 3.61. The receivables turnover for the company is 16.46for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
In conclusion, Bitdeer Technologies Holding Co (BTDR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
