While Bitdeer Technologies Holding Co has underperformed by -2.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BTDR rose by 222.34%, with highs and lows ranging from $24.68 to $5.23, whereas the simple moving average jumped by 149.14% in the last 200 days.
On October 09, 2024, Northland Capital started tracking Bitdeer Technologies Holding Co (NASDAQ: BTDR) recommending Outperform. A report published by Alliance Global Partners on October 08, 2024, Initiated its previous ‘Buy’ rating for BTDR. Rosenblatt also rated BTDR shares as ‘Buy’, setting a target price of $9 on the company’s shares in an initiating report dated August 14, 2024. Cantor Fitzgerald Initiated an Overweight rating on June 11, 2024, and assigned a price target of $13. Needham initiated its ‘Buy’ rating for BTDR, as published in its report on April 15, 2024. Rosenblatt’s report from April 09, 2024 suggests a price prediction of $10.50 for BTDR shares, giving the stock a ‘Buy’ rating. The Benchmark Company also rated the stock as ‘Buy’.
Analysis of Bitdeer Technologies Holding Co (BTDR)
Further, the quarter-over-quarter decrease in sales is -34.90%, showing a negative trend in the upcoming months.
One of the most important indicators of Bitdeer Technologies Holding Co’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 1.29, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and BTDR is recording 5.11M average volume. On a monthly basis, the volatility of the stock is set at 16.39%, whereas on a weekly basis, it is put at 17.41%, with a loss of -0.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.56, showing growth from the present price of $20.92, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 75.74%. 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 10.21% 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 10.21% at present.
