Bitdeer Technologies Group (NASDAQ:BTDR) Shares Gap Down to $10.26

Bitdeer Technologies Group (NASDAQ:BTDR) shares gapped down prior to trading on Thursday . The stock had previously closed at $10.26, but opened at $9.95. Bitdeer Technologies Group shares last traded at $10.22, with a volume of 2,468 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright assumed coverage on Bitdeer Technologies Group in a report on Wednesday, September 6th. They set a “buy” rating and a $20.00 price objective on the stock.

Bitdeer Technologies Group Stock Up 1.9 %

The company has a market capitalization of $1.16 billion, a PE ratio of -20.52 and a beta of 0.92. The business’s fifty day simple moving average is $11.99.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its earnings results on Friday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $93.82 million for the quarter. On average, equities research analysts anticipate that Bitdeer Technologies Group will post -0.46 earnings per share for the current fiscal year.

Institutional Trading of Bitdeer Technologies Group

Several institutional investors have recently added to or reduced their stakes in BTDR. Polar Asset Management Partners Inc. acquired a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at about $347,000. SC US Ttgp LTD. acquired a new position in Bitdeer Technologies Group in the second quarter valued at approximately $14,291,000. SC CHINA HOLDING Ltd bought a new position in shares of Bitdeer Technologies Group during the second quarter valued at approximately $45,242,000. Finally, Van ECK Associates Corp acquired a new stake in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $6,444,000. Institutional investors own 81.47% of the company’s stock.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations.