In the past week, BTDR stock has gone up by 47.23%, with a monthly gain of 146.89% and a quarterly surge of 267.31%. The volatility ratio for the week is 16.79%, and the volatility levels for the last 30 days are 15.93% for Bitdeer Technologies Holding Co The simple moving average for the last 20 days is 65.17% for BTDR stock, with a simple moving average of 160.38% for the last 200 days.
Is It Worth Investing in Bitdeer Technologies Holding Co (NASDAQ: BTDR) Right Now?
The 36-month beta value for BTDR is also noteworthy at 2.27. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 3 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 33.91M, and at present, short sellers hold a 37.05% of that float. The average trading volume of BTDR on December 09, 2024 was 4.21M shares.
BTDR) stock’s latest price update
Bitdeer Technologies Holding Co (NASDAQ: BTDR)’s stock price has surge by 23.73relation to previous closing price of 16.98. Nevertheless, the company has seen a 47.23% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-22 that SINGAPORE, Nov. 22, 2024 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced the pricing of US$360.0 million principal amount of 5.25% Convertible Senior Notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company has also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$40.0 million principal amount of the notes. The sale of the notes is expected to close on November 26, 2024, subject to customary closing conditions.
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 114.44% 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 able to rebound, for now settling with 7.80% of gains for the given period.
Volatility was left at 15.93%, however, over the last 30 days, the volatility rate increased by 16.79%, as shares surge +136.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +162.63% upper at present.
During the last 5 trading sessions, BTDR rose by +47.23%, which changed the moving average for the period of 200-days by +209.88% in comparison to the 20-day moving average, which settled at $12.72. In addition, Bitdeer Technologies Holding Co saw 113.08% 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:
- -0.18 for the present operating margin
- 0.22 for the gross margin
The net margin for Bitdeer Technologies Holding Co stands at -0.18. The total capital return value is set at -0.08.
Based on Bitdeer Technologies Holding Co (BTDR), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -1.78.
Currently, EBITDA for the company is 27.4 million with net debt to EBITDA at 11.66. When we switch over and look at the enterprise to sales, we see a ratio of 7.12. The receivables turnover for the company is 16.04for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In summary, Bitdeer Technologies Holding Co (BTDR) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
