Head-To-Head Analysis: Bitdeer Technologies Group (NASDAQ:BTDR) vs. Freshworks (NASDAQ:FRSH)

Freshworks (NASDAQ:FRSH) and Bitdeer Technologies Group (NASDAQ:BTDR) are both mid-cap technology companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, risk, analyst recommendations, profitability, dividends, valuation and earnings.

Analyst Recommendations

This is a summary of current recommendations for Freshworks and Bitdeer Technologies Group, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Freshworks	0	8	7	1	2.56
Bitdeer Technologies Group	0	3	12	0	2.80

Freshworks presently has a consensus price target of $14.46, indicating a potential upside of 15.32%. Bitdeer Technologies Group has a consensus price target of $24.00, indicating a potential upside of 108.51%. Given Bitdeer Technologies Group’s stronger consensus rating and higher possible upside, analysts clearly believe Bitdeer Technologies Group is more favorable than Freshworks.

Insider & Institutional Ownership

75.6% of Freshworks shares are held by institutional investors. Comparatively, 22.3% of Bitdeer Technologies Group shares are held by institutional investors. 8.5% of Freshworks shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Risk & Volatility

Freshworks has a beta of 0.89, meaning that its stock price is 11% less volatile than the S&P 500. Comparatively, Bitdeer Technologies Group has a beta of 2.51, meaning that its stock price is 151% more volatile than the S&P 500.

Profitability

This table compares Freshworks and Bitdeer Technologies Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Freshworks	20.49%	5.52%	3.45%
Bitdeer Technologies Group	-55.15%	-54.72%	-15.20%

Valuation & Earnings

This table compares Freshworks and Bitdeer Technologies Group”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Freshworks	$838.81 million	3.90	$183.72 million	$0.64	19.59
Bitdeer Technologies Group	$620.25 million	4.22	$65.60 million	($3.06)	-3.76

Freshworks has higher revenue and earnings than Bitdeer Technologies Group. Bitdeer Technologies Group is trading at a lower price-to-earnings ratio than Freshworks, indicating that it is currently the more affordable of the two stocks.

Summary

Freshworks beats Bitdeer Technologies Group on 10 of the 15 factors compared between the two stocks.

About Freshworks

Freshworks Inc., a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels. The company also provides Freshsales, an advanced and user-friendly sales automation solution; Freshmarketer, a marketing automation solution for businesses to redefine their marketing strategies; Freshsales Suite, which offers businesses a unified platform that facilitates cohesive engagement and detailed tracking of customers throughout their entire buying journey; Freshservice that offers virtual agents to help employees resolve issues, make requests, and answer questions without contacting the service desk; and Freshservice for Business Teams, which provides a unified employee service experience while ensuring the secure separation of departmental data. In addition, it offers Freshping to monitor website’s availability and get multichannel alerts if the website goes down; Freshstatus, which allows businesses to create a custom branded website status page for internal or external viewing to communicate website uptime and availability; and Freshsurvey to measure net promoter scores and other satisfaction metrics directly within Freshworks products. The company was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. Freshworks Inc. was incorporated in 2010 and is headquartered in San Mateo, California.

About Bitdeer Technologies Group

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. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.