Situational Awareness LP Increases Stock Position in Bitdeer Technologies Group $BTDR

Situational Awareness LP grew its stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 92.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,788,000 shares of the company’s stock after acquiring an additional 858,400 shares during the quarter. Bitdeer Technologies Group comprises about 0.4% of Situational Awareness LP’s investment portfolio, making the stock its 19th biggest holding. Situational Awareness LP owned 0.84% of Bitdeer Technologies Group worth $20,043,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in shares of Bitdeer Technologies Group by 2.2% during the 3rd quarter. First Trust Advisors LP now owns 40,138 shares of the company’s stock valued at $686,000 after acquiring an additional 878 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Bitdeer Technologies Group by 5.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,800 shares of the company’s stock valued at $355,000 after acquiring an additional 1,100 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Bitdeer Technologies Group by 1.3% during the 3rd quarter. Alliancebernstein L.P. now owns 104,787 shares of the company’s stock valued at $1,791,000 after acquiring an additional 1,307 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Bitdeer Technologies Group by 17.4% during the 4th quarter. ProShare Advisors LLC now owns 18,023 shares of the company’s stock valued at $202,000 after acquiring an additional 2,670 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Bitdeer Technologies Group by 7.1% during the 3rd quarter. California State Teachers Retirement System now owns 102,405 shares of the company’s stock valued at $1,750,000 after acquiring an additional 6,801 shares during the last quarter. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Stock Performance

BTDR opened at $17.47 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.11 and a debt-to-equity ratio of 1.88. The company has a market cap of $4.12 billion, a price-to-earnings ratio of -5.06 and a beta of 2.45. The company’s 50 day moving average is $12.93 and its 200 day moving average is $11.65. Bitdeer Technologies Group has a 12-month low of $6.92 and a 12-month high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). The business had revenue of $188.93 million during the quarter, compared to analysts’ expectations of $184.02 million. Bitdeer Technologies Group had a negative return on equity of 69.95% and a negative net margin of 68.11%.The business’s quarterly revenue was up 169.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.37) EPS. On average, equities research analysts predict that Bitdeer Technologies Group will post -1.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BTDR. Needham & Company LLC raised their price target on shares of Bitdeer Technologies Group from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, May 15th. UBS Group reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a report on Thursday, February 12th. Wall Street Zen downgraded shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, Rosenblatt Securities raised their price objective on shares of Bitdeer Technologies Group from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

About Bitdeer Technologies Group

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.