Bitdeer Technologies Group’s (BTDR) Buy Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research report released on Wednesday, Benzinga reports. The brokerage currently has a $13.00 price target on the stock.

Several other equities research analysts have also commented on BTDR. HC Wainwright restated a buy rating and issued a $20.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday. B. Riley assumed coverage on Bitdeer Technologies Group in a research note on Tuesday, March 12th. They set a buy rating and a $9.00 price objective for the company. BTIG Research assumed coverage on shares of Bitdeer Technologies Group in a report on Wednesday, March 13th. They issued a buy rating and a $15.00 target price for the company. Finally, Roth Mkm began coverage on shares of Bitdeer Technologies Group in a research report on Thursday, February 29th. They issued a buy rating and a $14.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of Buy and an average price target of $14.20.

Bitdeer Technologies Group Stock Down 0.1 %

BTDR opened at $6.92 on Wednesday. The stock’s fifty day moving average is $7.26 and its two-hundred day moving average is $7.03. The company has a market capitalization of $770.13 million, a P/E ratio of -15.38 and a beta of 1.70. Bitdeer Technologies Group has a 52 week low of $2.77 and a 52 week high of $14.65.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of large investors have recently made changes to their positions in the stock. SC CHINA HOLDING Ltd acquired a new stake in Bitdeer Technologies Group during the 2nd quarter worth about $45,242,000. SC US Ttgp LTD. purchased a new stake in Bitdeer Technologies Group in the second quarter valued at approximately $14,291,000. Polar Asset Management Partners Inc. purchased a new stake in Bitdeer Technologies Group in the second quarter valued at approximately $347,000. Exchange Traded Concepts LLC acquired a new position in Bitdeer Technologies Group in the 3rd quarter worth approximately $2,803,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Bitdeer Technologies Group during the 3rd quarter worth approximately $150,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

About Bitdeer Technologies Group

Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations.