Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Bitdeer Technologies Holding Co (NASDAQ: BTDR) was $5.84 for the day, up 1.74% from the previous closing price of $5.74. In other words, the price has increased by $1.74 from its previous closing price. On the day, 0.62 million shares were traded. BTDR stock price reached its highest trading level at $6.1 during the session, while it also had its lowest trading level at $5.81.
Ratios:
Our analysis of BTDR’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on April 15, 2024, initiated with a Buy rating and assigned the stock a target price of $14.
On April 09, 2024, Rosenblatt started tracking the stock assigning a Buy rating and target price of $10.50.
On March 14, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $13.The Benchmark Company initiated its Buy rating on March 14, 2024, with a $13 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BTDR now has a Market Capitalization of 677942272 and an Enterprise Value of 531783936. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 1.443 whereas that against EBITDA is 11.22.
Stock Price History:
Over the past 52 weeks, BTDR has reached a high of $14.65, while it has fallen to a 52-week low of $2.77. The 50-Day Moving Average of the stock is -12.78%, while the 200-Day Moving Average is calculated to be -25.09%.
Shares Statistics:
BTDR traded an average of 1.59M shares per day over the past three months and 695350 shares per day over the past ten days. A total of 63.57M shares are outstanding, with a floating share count of 29.58M. Insiders hold about 74.44% of the company’s shares, while institutions hold 3.99% stake in the company. Shares short for BTDR as of 1713139200 were 1758985 with a Short Ratio of 1.11, compared to 1710460800 on 1751162. Therefore, it implies a Short% of Shares Outstanding of 1758985 and a Short% of Float of 3.2899998.
