Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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7 analysts have expressed a variety of opinions on Bitdeer Technologies (NASDAQ:BTDR) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 6 | 1 | 0 | 0 | 0 |
Last 30D | 2 | 0 | 0 | 0 | 0 |
1M Ago | 1 | 0 | 0 | 0 | 0 |
2M Ago | 2 | 0 | 0 | 0 | 0 |
3M Ago | 1 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $15.43, a high estimate of $20.00, and a low estimate of $13.00. Surpassing the previous average price target of $15.00, the current average has increased by 2.87%.
A clear picture of Bitdeer Technologies's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
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Mike Colonnese | HC Wainwright & Co. | Lowers | Buy | $17.00 | $20.00 |
John Todaro | Needham | Maintains | Buy | $14.00 | $14.00 |
Mark Palmer | Benchmark | Raises | Buy | $16.00 | $13.00 |
Lucas Pipes | B. Riley Securities | Raises | Buy | $14.00 | $9.00 |
Darren Aftahi | Roth MKM | Maintains | Buy | $14.00 | $14.00 |
Brett Knoblauch | Cantor Fitzgerald | Announces | Overweight | $13.00 | - |
Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $20.00 | $20.00 |
To gain a panoramic view of Bitdeer Technologies's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Bitdeer Technologies analyst ratings.
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Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Bitdeer Technologies's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 64.64%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Bitdeer Technologies's net margin excels beyond industry benchmarks, reaching 0.51%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Bitdeer Technologies's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.17%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Bitdeer Technologies's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.09%, the company showcases efficient use of assets and strong financial health.
Debt Management: Bitdeer Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.25.
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: BTDR