Bitdeer Technologies Group (NASDAQ:BTDR) Insider Acquires $221,000.00 in Stock

Bitdeer Technologies Group (NASDAQ:BTDR) insider Haris Fozan Basit bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $8.84 per share, with a total value of $221,000.00. Following the transaction, the insider owned 35,000 shares of the company’s stock, valued at $309,400. The trade was a 250.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bitdeer Technologies Group Stock Performance

BTDR opened at $9.63 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -3.15 and a beta of 2.50. The company has a fifty day moving average of $13.05 and a 200 day moving average of $12.07. Bitdeer Technologies Group has a fifty-two week low of $6.92 and a fifty-two week high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.37) EPS for the quarter. The company had revenue of $228.78 million during the quarter. Bitdeer Technologies Group had a negative return on equity of 54.72% and a negative net margin of 55.15%. As a group, sell-side analysts forecast that Bitdeer Technologies Group will post -1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays started coverage on Bitdeer Technologies Group in a research note on Thursday. They set an “overweight” rating for the company. Wall Street Zen cut Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bitdeer Technologies Group in a research report on Thursday, August 13th. Benchmark reiterated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Tuesday, August 11th. Finally, Citizens Jmp started coverage on shares of Bitdeer Technologies Group in a report on Wednesday, June 24th. They issued a “market outperform” rating and a $35.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.82.

Institutional Trading of Bitdeer Technologies Group

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of Bitdeer Technologies Group in the fourth quarter valued at about $34,000. GAMMA Investing LLC increased its position in Bitdeer Technologies Group by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,476 shares of the company’s stock valued at $39,000 after purchasing an additional 902 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at about $39,000. Hollencrest Capital Management purchased a new stake in shares of Bitdeer Technologies Group in the 1st quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Bitdeer Technologies Group during the second quarter valued at approximately $66,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

About Bitdeer Technologies Group

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.