Roth Mkm Raises Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $29.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective boosted by equities research analysts at Roth Mkm from $15.00 to $29.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective suggests a potential upside of 39.09% from the company’s previous close.

A number of other brokerages have also commented on BTDR. B. Riley dropped their price target on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, October 11th. HC Wainwright upped their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Northland Capmk upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, November 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group currently has an average rating of “Buy” and an average price target of $18.60.

Bitdeer Technologies Group Stock Performance

BTDR traded down $2.29 on Tuesday, hitting $20.85. 11,532,383 shares of the company were exchanged, compared to its average volume of 2,943,076. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $25.51. The firm has a fifty day simple moving average of $11.51 and a two-hundred day simple moving average of $9.43. The stock has a market capitalization of $2.33 billion, a PE ratio of -38.62 and a beta of 2.27.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in Bitdeer Technologies Group during the 3rd quarter valued at approximately $66,000. Centiva Capital LP bought a new stake in Bitdeer Technologies Group in the 3rd quarter valued at $91,000. Barclays PLC purchased a new stake in Bitdeer Technologies Group in the 3rd quarter worth $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at about $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Bitdeer Technologies Group during the third quarter valued at about $220,000. Institutional investors 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.