While Bitdeer Technologies Holding Co has overperformed by 3.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BTDR fell by -11.18%, with highs and lows ranging from $14.65 to $2.77, whereas the simple moving average jumped by 53.39% in the last 200 days.
On June 11, 2024, Cantor Fitzgerald started tracking Bitdeer Technologies Holding Co (NASDAQ: BTDR) recommending Overweight. A report published by Needham on April 15, 2024, Initiated its previous ‘Buy’ rating for BTDR. Rosenblatt also rated BTDR shares as ‘Buy’, setting a target price of $10.50 on the company’s shares in an initiating report dated April 09, 2024. The Benchmark Company Initiated an Buy rating on March 14, 2024, and assigned a price target of $13. BTIG Research initiated its ‘Buy’ rating for BTDR, as published in its report on March 13, 2024. B. Riley Securities’s report from March 12, 2024 suggests a price prediction of $9 for BTDR shares, giving the stock a ‘Buy’ rating. ROTH MKM also rated the stock as ‘Buy’.
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Analysis of Bitdeer Technologies Holding Co (BTDR)
Further, the quarter-over-quarter increase in sales is 56.68%, showing a positive trend in the upcoming months.
For any stock, average volume can be an extremely valuable indicator of volatility, and BTDR is registering an average volume of 1.61M. On a monthly basis, the volatility of the stock is set at 12.92%, whereas on a weekly basis, it is put at 11.97%, with a loss of -8.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.44, showing growth from the present price of $10.57, which can serve as yet another indication of whether BTDR is worth investing in or should be passed over.
How Do You Analyze Bitdeer Technologies Holding Co Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 84.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 3.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BTDR shares are owned by institutional investors to the tune of 3.28% at present.
