Bitdeer Technologies Holding Co [NASDAQ: BTDR] stock went on a downward path that fall over -18.11% on Thursday, amounting to a one-week price decrease of less than -25.00%.
Over the last 12 months, BTDR stock dropped by -53.15%. The one-year Bitdeer Technologies Holding Co stock forecast points to a potential upside of 55.42. The average equity rating for BTDR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $879.68 million, with 63.57 million shares outstanding and 18.81 million shares in the current float. Compared to the average trading volume of 2.13M shares, BTDR stock reached a trading volume of 15325706 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $14.20 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.
Rosenblatt have made an estimate for Bitdeer Technologies Holding Co shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 14, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on June 11, 2024, representing the official price target for Bitdeer Technologies Holding Co stock. Previously, the target price had yet another raise to $14, while Needham analysts kept a Buy rating on BTDR stock.
The Average True Range (ATR) for Bitdeer Technologies Holding Co is set at 1.02, with the Price to Sales ratio for BTDR stock in the period of the last 12 months amounting to 2.65. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 1.53.
BTDR Stock Performance Analysis:
Bitdeer Technologies Holding Co [BTDR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.00. With this latest performance, BTDR shares dropped by -38.66% in over the last four-week period, additionally sinking by -27.66% over the last 6 months – not to mention a drop of -53.15% 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 35.07, with the RSI for the last a single of trading hit 30.00, and the three-weeks RSI is set at 38.93 for Bitdeer Technologies Holding Co [BTDR]. The present Moving Average for the last 50 days of trading for this stock 9.40, while it was recorded at 7.49 for the last single week of trading, and 7.25 for the last 200 days.
Insight into Bitdeer Technologies Holding Co Fundamentals:
Bitdeer Technologies Holding Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.95 and a Current Ratio set at 1.95.
Bitdeer Technologies Holding Co [BTDR] Institutonal Ownership Details
The top three institutional holders of BTDR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BTDR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BTDR stock with ownership which is approximately 5.1238%.
