Roth Capital Comments on Bitdeer Technologies Group’s FY2026 Earnings (NASDAQ:BTDR)

Bitdeer Technologies Group (NASDAQ:BTDR) – Equities research analysts at Roth Capital increased their FY2026 earnings estimates for Bitdeer Technologies Group in a report released on Wednesday, August 7th. Roth Capital analyst D. Aftahi now expects that the company will post earnings per share of ($0.18) for the year, up from their previous forecast of ($0.56). The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is $0.07 per share.

Several other research firms have also issued reports on BTDR. HC Wainwright cut their target price on Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday. Roth Mkm reiterated a “buy” rating and set a $14.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, July 1st. Benchmark restated a “buy” rating and issued a $16.00 target price on shares of Bitdeer Technologies Group in a research note on Tuesday. Finally, Cantor Fitzgerald raised Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, June 12th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $14.19.

Bitdeer Technologies Group Trading Up 3.7 %

BTDR opened at $7.89 on Monday. The firm has a market cap of $883.41 million, a price-to-earnings ratio of -19.24 and a beta of 1.96. Bitdeer Technologies Group has a 12 month low of $2.77 and a 12 month high of $14.65. The stock has a fifty day moving average price of $9.53 and a 200-day moving average price of $7.71.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its earnings results on Monday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.07). Bitdeer Technologies Group had a negative net margin of 11.21% and a negative return on equity of 3.98%. The company had revenue of $119.51 million for the quarter, compared to the consensus estimate of $119.12 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in shares of Bitdeer Technologies Group by 196.2% during the fourth quarter. Van ECK Associates Corp now owns 1,100,178 shares of the company’s stock worth $10,848,000 after buying an additional 728,804 shares during the period. Nomura Holdings Inc. acquired a new stake in Bitdeer Technologies Group during the 4th quarter worth about $15,350,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Bitdeer Technologies Group by 149.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,901 shares of the company’s stock worth $384,000 after acquiring an additional 23,310 shares during the period. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Bitdeer Technologies Group during the 4th quarter valued at about $1,199,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

About Bitdeer Technologies Group

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.