While Bitdeer Technologies Holding Co has overperformed by 0.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BTDR fell by -25.12%, with highs and lows ranging from $14.65 to $2.77, whereas the simple moving average fell by -30.46% in the last 200 days.
On April 15, 2024, Needham started tracking Bitdeer Technologies Holding Co (NASDAQ: BTDR) recommending Buy. A report published by Rosenblatt on April 09, 2024, Initiated its previous ‘Buy’ rating for BTDR. The Benchmark Company also rated BTDR shares as ‘Buy’, setting a target price of $13 on the company’s shares in an initiating report dated March 14, 2024. BTIG Research Initiated an Buy rating on March 13, 2024, and assigned a price target of $15. B. Riley Securities initiated its ‘Buy’ rating for BTDR, as published in its report on March 12, 2024. ROTH MKM’s report from February 29, 2024 suggests a price prediction of $14 for BTDR shares, giving the stock a ‘Buy’ rating. H.C. Wainwright also rated the stock as ‘Buy’.
Analysis of Bitdeer Technologies Holding Co (BTDR)
Further, the quarter-over-quarter increase in sales is 14.98%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Bitdeer Technologies Holding Co’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -32.16% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and BTDR is recording an average volume of 1.64M. On a monthly basis, the volatility of the stock is set at 7.80%, whereas on a weekly basis, it is put at 7.42%, with a loss of -15.12% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.31, showing growth from the present price of $5.50, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 74.44%. 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 3.95% 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 3.95% at present.
