Bitdeer Technologies Group (NASDAQ:BTDR) Announces Quarterly Earnings Results

Bitdeer Technologies Group (NASDAQ:BTDR) posted its quarterly earnings data on Tuesday. The company reported ($3.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($2.99), Zacks reports. Bitdeer Technologies Group had a negative net margin of 18.27% and a negative return on equity of 13.47%.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ:BTDR opened at $13.10 on Tuesday. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The company has a market capitalization of $1.47 billion, a PE ratio of -25.19 and a beta of 2.04. The company has a fifty day moving average of $19.02 and a 200-day moving average of $12.80.

Wall Street Analyst Weigh In

BTDR has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on Bitdeer Technologies Group from $14.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Roth Mkm lifted their price objective on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. HC Wainwright increased their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of Bitdeer Technologies Group in a research report on Monday. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They set an “outperform” rating and a $26.50 price objective for the company. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $22.23.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.