Bitdeer Technologies Holding Co [NASDAQ: BTDR] closed the trading session at $10.03.
The stocks have a year to date performance of 1.72 percent and weekly performance of 6.93 percent. The stock has been moved at 18.70 percent over the last six months. The stock has performed 78.15 percent around the most recent 30 days and changed 39.11 percent over the most recent 3-months.
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If compared to the average trading volume of 1.03M shares, BTDR reached to a volume of 5094540 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Bitdeer Technologies Holding Co [BTDR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTDR shares is $13.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTDR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for Bitdeer Technologies Holding Co shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 11, 2024. While these analysts kept the previous recommendation, Needham raised their target price to Buy. The new note on the price target was released on April 15, 2024, representing the official price target for Bitdeer Technologies Holding Co stock. Previously, the target price had yet another raise to $10.50, while Rosenblatt analysts kept a Buy rating on BTDR stock.
The Average True Range (ATR) for Bitdeer Technologies Holding Co is set at 0.82, with the Price to Sales ratio for BTDR stock in the period of the last 12 months amounting to 3.58. The Price to Book ratio for the last quarter was 3.50, with the Price to Cash per share for the same quarter was set at 1.08.
BTDR stock trade performance evaluation
Bitdeer Technologies Holding Co [BTDR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.93. With this latest performance, BTDR shares gained by 78.15% in over the last four-week period, additionally plugging by 18.70% over the last 6 months – not to mention a drop of -11.79% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BTDR stock in for the last two-week period is set at 70.21, with the RSI for the last a single of trading hit 70.72, and the three-weeks RSI is set at 68.04 for Bitdeer Technologies Holding Co [BTDR]. The present Moving Average for the last 50 days of trading for this stock 6.69, while it was recorded at 9.54 for the last single week of trading, and 6.95 for the last 200 days.
Bitdeer Technologies Holding Co [BTDR]: An insightful look at the core fundamentals
Bitdeer Technologies Holding Co’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.59.
Bitdeer Technologies Holding Co [BTDR]: Institutional Ownership
The top three institutional holders of BTDR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BTDR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BTDR stock with ownership which is approximately 5.8386%.
