Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Bitdeer Technologies Holding Co (NASDAQ: BTDR) closed the day trading at $6.03 down -5.04% from the previous closing price of $6.35. In other words, the price has decreased by -$5.04 from its previous closing price. On the day, 0.71 million shares were traded. BTDR stock price reached its highest trading level at $6.29 during the session, while it also had its lowest trading level at $5.89.
Ratios:
For a better understanding of BTDR, let’s look at its different ratios. 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 749987328 and an Enterprise Value of 553769344. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 2.11. Its current Enterprise Value per Revenue stands at 1.503 whereas that against EBITDA is 11.684.
Stock Price History:
The Beta on a monthly basis for BTDR is 1.72, which has changed by -0.16133517 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 -11.70%, while the 200-Day Moving Average is calculated to be -24.54%.
Shares Statistics:
Over the past 3-months, BTDR traded about 1.71M shares per day on average, while over the past 10 days, BTDR traded about 743050 shares per day. 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 3.85% stake in the company. Shares short for BTDR as of 1713139200 were 1758985 with a Short Ratio of 1.03, compared to 1710460800 on 1751162. Therefore, it implies a Short% of Shares Outstanding of 1758985 and a Short% of Float of 3.2899998.
Earnings Estimates
The stock of Bitdeer Technologies Holding Co (BTDR) is currently drawing attention from 5 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.23 and a low estimate of -$0.02, while EPS last year was -$0.02. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.05 and low estimates of -$0.13.
Analysts are recommending an EPS of between $0.28 and -$0.4 for the fiscal current year, implying an average EPS of -$0.02. EPS for the following year is $0.08, with 5.0 analysts recommending between $0.58 and -$0.59.
Revenue Estimates
For the next quarter, 5 analysts are estimating revenue of $105.08M. There is a high estimate of $116.3M for the next quarter, whereas the lowest estimate is $91.9M.
A total of 5 analysts have provided revenue estimates for BTDR’s current fiscal year. The highest revenue estimate was $463.3M, while the lowest revenue estimate was $368.1M, resulting in an average revenue estimate of $421.16M. In the same quarter a year ago, actual revenue was $368.55MBased on 4 analysts’ estimates, the company’s revenue will be $517.38M in the next fiscal year. The high estimate is $658.1M and the low estimate is $435M.
