Bitdeer Technologies Group (NASDAQ:BTDR) Announces Quarterly Earnings Results, Misses Expectations By $2.99 EPS

Bitdeer Technologies Group (NASDAQ:BTDR) released its earnings results on Tuesday. The company reported ($3.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($2.99), Zacks reports. Bitdeer Technologies Group had a negative return on equity of 13.47% and a negative net margin of 18.27%.

Bitdeer Technologies Group Stock Performance

NASDAQ BTDR opened at $13.10 on Tuesday. The company has a market cap of $1.47 billion, a PE ratio of -25.19 and a beta of 2.04. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The firm’s 50 day moving average price is $19.02 and its 200-day moving average price is $12.80.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. B. Riley upped their target price on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Needham & Company LLC upped their price objective on Bitdeer Technologies Group from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Bitdeer Technologies Group in a research note on Monday. HC Wainwright boosted their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Northland Securities raised their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $22.23.

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.