Moreover, the 36-month beta value for BTDR is 2.24. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BTDR is 33.91M and currently, short sellers hold a 28.75% of that float. On December 16, 2024, BTDR’s average trading volume was 5.11M shares.
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BTDR) stock’s latest price update
The stock price of Bitdeer Technologies Holding Co (NASDAQ: BTDR) has dropped by -2.11 compared to previous close of 21.37. Despite this, the company has seen a fall of -0.43% in its stock price over the last five trading days. benzinga.com reported 2024-12-13 that As of Dec. 13, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
BTDR’s Market Performance
Bitdeer Technologies Holding Co (BTDR) has seen a -0.43% fall in stock performance for the week, with a 97.36% gain in the past month and a 202.75% surge in the past quarter. The volatility ratio for the week is 17.41%, and the volatility levels for the past 30 days are at 16.39% for BTDR. The simple moving average for the last 20 days is 37.84% for BTDR’s stock, with a simple moving average of 149.14% 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 88.62% 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 -15.24% of loss for the given period.
Volatility was left at 16.39%, however, over the last 30 days, the volatility rate increased by 17.41%, as shares surge +94.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +201.22% upper at present.
During the last 5 trading sessions, BTDR fell by -0.43%, which changed the moving average for the period of 200-days by +216.01% in comparison to the 20-day moving average, which settled at $15.18. In addition, Bitdeer Technologies Holding Co saw 112.17% 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 7.09. 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
To wrap up, the performance of Bitdeer Technologies Holding Co (BTDR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
