Bitdeer Technologies Group’s (BTDR) Buy Rating Reiterated at Benchmark

Bitdeer Technologies Group (NASDAQ:BTDR)‘s stock had its “buy” rating reissued by stock analysts at Benchmark in a research report issued on Wednesday, Benzinga reports. They currently have a $13.00 price objective on the stock. Benchmark’s price objective would suggest a potential upside of 85.19% from the stock’s previous close.

BTDR has been the topic of several other reports. B. Riley started coverage on Bitdeer Technologies Group in a research note on Tuesday, March 12th. They set a “buy” rating and a $9.00 price objective on the stock. Roth Mkm started coverage on Bitdeer Technologies Group in a research report on Thursday, February 29th. They issued a “buy” rating and a $14.00 target price on the stock. BTIG Research started coverage on Bitdeer Technologies Group in a research report on Wednesday, March 13th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $20.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $14.20.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $7.02 on Wednesday. The business’s fifty day moving average price is $7.27 and its 200 day moving average price is $7.03. Bitdeer Technologies Group has a 12-month low of $2.77 and a 12-month high of $14.65. The stock has a market capitalization of $781.26 million, a PE ratio of -15.60 and a beta of 1.70.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BTDR. UBS Group AG bought a new position in Bitdeer Technologies Group during the third quarter valued at about $35,000. Deutsche Bank AG acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $41,000. Barclays PLC purchased a new position in Bitdeer Technologies Group in the 3rd quarter worth about $49,000. Wellington Management Group LLP purchased a new stake in Bitdeer Technologies Group during the fourth quarter valued at about $116,000. Finally, Occudo Quantitative Strategies LP purchased a new position in Bitdeer Technologies Group during the 4th quarter worth approximately $127,000. Institutional investors own 22.25% 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.