A share price of Bitdeer Technologies Holding Co [BTDR] is currently trading at $11.34, up 26.56%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BTDR shares have gain 59.05% over the last week, with a monthly amount glided 49.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bitdeer Technologies Holding Co [NASDAQ: BTDR] stock has seen the most recent analyst activity on October 09, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $13. Previously, Alliance Global Partners started tracking the stock with Buy rating on October 08, 2024, and set its price target to $14. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $13 on June 11, 2024. Needham initiated its recommendation with a Buy and recommended $14 as its price target on April 15, 2024. Rosenblatt started tracking with a Buy rating for this stock on April 09, 2024, and assigned it a price target of $10.50. In a note dated March 14, 2024, The Benchmark Company initiated an Buy rating and provided a target price of $13 on this stock.
Bitdeer Technologies Holding Co experienced fluctuations in its stock price throughout the past year between $3.49 and $14.27. Currently, Wall Street analysts expect the stock to reach $14.43 within the next 12 months. Bitdeer Technologies Holding Co [NASDAQ: BTDR] shares were valued at $11.34 at the most recent close of the market. An investor can expect a potential return of 27.25% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 10.26 points at the first support level, and at 9.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.01, and for the 2nd resistance point, it is at 12.69.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bitdeer Technologies Holding Co [NASDAQ:BTDR] is 1.73. Also, the Quick Ratio is 1.28, while the Cash Ratio stands at 1.07. Considering the valuation of this stock, the price to sales ratio is 4.80, the price to book ratio is 2.81.
