Bitdeer Technologies Holding Co (NASDAQ:BTDR) price on Wednesday, April 30, fall -2.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.57.
A look at the stock’s price movement, the close in the last trading session was $9.85, moving within a range at $9.08 and $9.65. The beta value (5-Year monthly) was 2.246. Turning to its 52-week performance, $26.99 and $5.25 were the 52-week high and 52-week low respectively. Overall, BTDR moved 8.38% over the past month.
Bitdeer Technologies Holding Co’s market cap currently stands at around $1.84 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BTDR is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend BTDR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BTDR’s current price about 10.29% and -4.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.90, while 7-day volatility ratio is 7.77% and 11.80% in the 30-day chart. Further, Bitdeer Technologies Holding Co (BTDR) has a beta value of 2.23, and an average true range (ATR) of 0.99. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $15 and high of $29. Looking at the price targets, the low is -56.74% off current price level while to achieve the yearly target high, price needs to move -203.03%. Nonetheless, investors will most likely welcome a -129.89% jump to $22 which is the analysts’ median price.
If we refocus on Bitdeer Technologies Holding Co (NASDAQ:BTDR), historical trading data shows that trading volumes averaged 5.22 over the past 10 days and 5.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 143.92 million shares.
The 58.64% of Bitdeer Technologies Holding Co’s shares are in the hands of company insiders while institutional holders own 15.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.14 million on 2025-04-15, giving us a short ratio of 5.11. The data shows that as of 2025-04-15 short interest in Bitdeer Technologies Holding Co (BTDR) stood at 2238.9999 of shares outstanding, with shares short rising to 18.69 million registered in 2025-03-14. Current price change has pushed the stock -55.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTDR stock continues to rise going into the next quarter.
