Quarterly Snapshot: Quick and Current Ratios for Bitdeer Technologies Holding Co (BTDR)

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The closing price of Bitdeer Technologies Holding Co (NASDAQ: BTDR) was $9.51 for the day, down -3.55% from the previous closing price of $9.86. In other words, the price has decreased by -$3.55 from its previous closing price. On the day, 3.27 million shares were traded. BTDR stock price reached its highest trading level at $9.7999 during the session, while it also had its lowest trading level at $8.68.

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 0.25 whereas as Long-Term Debt/Eq ratio is at 0.25.

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, Cantor Fitzgerald on June 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $13.

On April 15, 2024, Needham started tracking the stock assigning a Buy rating and target price of $14.

On April 09, 2024, Rosenblatt started tracking the stock assigning a Buy rating and target price of $10.50.Rosenblatt initiated its Buy rating on April 09, 2024, with a $10.50 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 1321576320 and an Enterprise Value of 1030368960. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.40 while its Price-to-Book (P/B) ratio in mrq is 3.32. Its current Enterprise Value per Revenue stands at 2.48 whereas that against EBITDA is 17.153.

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 46.29%, while the 200-Day Moving Average is calculated to be 36.12%.

Shares Statistics:

BTDR traded an average of 1.01M shares per day over the past three months and 2229530 shares per day over the past ten days. A total of 63.57M shares are outstanding, with a floating share count of 14.10M. Insiders hold about 88.33% of the company’s shares, while institutions hold 3.77% stake in the company. Shares short for BTDR as of 1715731200 were 1739108 with a Short Ratio of 1.84, compared to 1713139200 on 1758985. Therefore, it implies a Short% of Shares Outstanding of 1739108 and a Short% of Float of 3.25.

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