FY2024 Earnings Estimate for BTDR Issued By Northland Capmk

Bitdeer Technologies Group (NASDAQ:BTDR) – Analysts at Northland Capmk reduced their FY2024 earnings per share estimates for Bitdeer Technologies Group in a research report issued to clients and investors on Wednesday, February 19th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of ($0.66) per share for the year, down from their prior estimate of ($0.64). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.73) per share. Northland Capmk also issued estimates for Bitdeer Technologies Group’s Q4 2024 earnings at ($0.14) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.11) EPS.

Several other analysts have also weighed in on BTDR. Northland Securities lifted their target price on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. B. Riley upped their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Needham & Company LLC increased their target price on Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Rosenblatt Securities boosted their price target on Bitdeer Technologies Group from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, Benchmark lifted their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Buy” and an average price target of $22.23.

Bitdeer Technologies Group Stock Up 0.4 %

Shares of BTDR stock opened at $14.98 on Friday. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99. The stock has a fifty day moving average price of $19.38 and a 200 day moving average price of $12.66.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BTDR. Quarry LP bought a new stake in Bitdeer Technologies Group during the 4th quarter worth about $42,000. Stonebridge Financial Group LLC bought a new stake in shares of Bitdeer Technologies Group during the fourth quarter valued at approximately $65,000. SBI Securities Co. Ltd. acquired a new stake in shares of Bitdeer Technologies Group in the fourth quarter valued at approximately $79,000. Wells Fargo & Company MN raised its position in Bitdeer Technologies Group by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company’s stock worth $93,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Bitdeer Technologies Group during the 4th quarter worth $116,000. 22.25% of the stock is owned by institutional investors.

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.