Fund Resources Investment Holding Group Co Ltd Takes Position in Bitdeer Technologies Group $BTDR

Fund Resources Investment Holding Group Co Ltd purchased a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 9,164,320 shares of the company’s stock, valued at approximately $102,732,000. Bitdeer Technologies Group makes up 100.0% of Fund Resources Investment Holding Group Co Ltd’s portfolio, making the stock its biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of BTDR. Tower Research Capital LLC TRC lifted its holdings in shares of Bitdeer Technologies Group by 7,157.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock valued at $83,000 after buying an additional 7,157 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at $159,000. Russell Investments Group Ltd. bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at $191,000. Sei Investments Co. bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at $266,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Bitdeer Technologies Group by 47.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,427 shares of the company’s stock valued at $317,000 after buying an additional 8,801 shares during the period. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Stock Performance

Shares of BTDR opened at $14.75 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $11.99. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -4.70 and a beta of 2.32. Bitdeer Technologies Group has a 52 week low of $6.92 and a 52 week high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). The company had revenue of $188.93 million during the quarter, compared to analysts’ expectations of $184.75 million. Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The business’s quarterly revenue was up 169.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.37) EPS. On average, analysts expect that Bitdeer Technologies Group will post -1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BTDR. Cantor Fitzgerald cut Bitdeer Technologies Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $10.00 in a report on Thursday, April 9th. Zacks Research cut Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. Needham & Company LLC decreased their target price on Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Rosenblatt Securities reissued a “buy” rating and set a $18.00 price target on shares of Bitdeer Technologies Group in a report on Wednesday, March 18th. Finally, UBS Group reissued a “buy” rating on shares of Bitdeer Technologies Group in a report on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Bitdeer Technologies Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.20.

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.