Stock Market Recap: Bitdeer Technologies Holding Co (BTDR) Concludes at 7.01, a -1.96 Surge/Decline

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After finishing at $7.15 in the prior trading day, Bitdeer Technologies Holding Co (NASDAQ: BTDR) closed at $7.01, down -1.96%. In other words, the price has decreased by -$1.96 from its previous closing price. On the day, 1.09 million shares were traded. BTDR stock price reached its highest trading level at $7.3999 during the session, while it also had its lowest trading level at $6.82.

Ratios:

Our goal is to gain a better understanding of BTDR by taking a closer look at its different ratios. 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, 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 958238976 and an Enterprise Value of 743261440. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.44 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 1.789 whereas that against EBITDA is 12.373.

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 13.33%, while the 200-Day Moving Average is calculated to be -3.61%.

Shares Statistics:

The stock has traded on average 1.06M shares per day over the past 3-months and 726890 shares per day over the last 10 days, according to various share statistics. A total of 63.57M shares are outstanding, with a floating share count of 32.09M. Insiders hold about 72.27% of the company’s shares, while institutions hold 3.87% stake in the company. Shares short for BTDR as of 1715731200 were 1739108 with a Short Ratio of 1.64, compared to 1713139200 on 1758985. Therefore, it implies a Short% of Shares Outstanding of 1739108 and a Short% of Float of 3.25.

Earnings Estimates

The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.04, while EPS last year was -$0.02. The consensus estimate for the next quarter is -$0.05, with high estimates of $0.03 and low estimates of -$0.11.

Analysts are recommending an EPS of between $0.31 and -$0.29 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is -$0.11, with 3.0 analysts recommending between $0.47 and -$0.66.

Revenue Estimates

For the next quarter, 4 analysts are estimating revenue of $92.3M. There is a high estimate of $106M for the next quarter, whereas the lowest estimate is $66.9M.

A total of 4 analysts have provided revenue estimates for BTDR’s current fiscal year. The highest revenue estimate was $460.5M, while the lowest revenue estimate was $368.4M, resulting in an average revenue estimate of $419.46M. In the same quarter a year ago, actual revenue was $368.55MBased on 2 analysts’ estimates, the company’s revenue will be $467.86M in the next fiscal year. The high estimate is $509.21M and the low estimate is $426.5M.

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