A share price of Bitdeer Technologies Holding Co [BTDR] is currently trading at $8.44, up 5.50%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BTDR shares have gain 18.37% over the last week, with a monthly amount glided 28.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on June 11, 2024, and set its price target to $13. On April 15, 2024, Needham initiated with a Buy rating and assigned a price target of $14 on the stock. Rosenblatt started tracking the stock assigning a Buy rating and suggested a price target of $10.50 on April 09, 2024. The Benchmark Company initiated its recommendation with a Buy and recommended $13 as its price target on March 14, 2024. BTIG Research started tracking with a Buy rating for this stock on March 13, 2024, and assigned it a price target of $15. In a note dated March 12, 2024, B. Riley Securities initiated an Buy rating and provided a target price of $9 on this stock.
Bitdeer Technologies Holding Co experienced fluctuations in its stock price throughout the past year between $2.77 and $14.27. Currently, Wall Street analysts expect the stock to reach $14.83 within the next 12 months. Bitdeer Technologies Holding Co [NASDAQ: BTDR] shares were valued at $8.44 at the most recent close of the market. An investor can expect a potential return of 75.71% based on the average BTDR price forecast.
Analyzing the BTDR fundamentals
Trailing Twelve Months sales for Bitdeer Technologies Holding Co [NASDAQ:BTDR] were 332.31M which represents 36.70% growth. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.02 points at the first support level, and at 7.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.71, and for the 2nd resistance point, it is at 8.97.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bitdeer Technologies Holding Co [NASDAQ:BTDR] is 1.73. As well, the Quick Ratio is 1.28, while the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 3.55, the price to book ratio is 2.09.
