Bitdeer Technologies Group (NASDAQ:BTDR) finished Friday with an addition of $3.29 to close at $12.58, an upside of 35.41 percent. An average of 146,200 shares of common stock have been traded in the last five days. There was a gain of $3.42 in the past week. The last 20 days have seen an average of 75,630 shares traded, while the 50-day average volume stands at 98,628.
BTDR stock has decreased by -8.44% in the last month. The company shares reached their 1-month lowest point of $9.01 on 08/08/23. Shares of the company touched a low of $4.60 and a high of $14.75 in 52 weeks. In spite of this, the price is down -14.71% from the 52-week high.
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Valuation Metrics
Bitdeer Technologies Group (BTDR) stock’s beta is 1.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.82, the price-to-book (PB) ratio at 4.35.
Financial Health
Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.31 for the recent quarter.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Bitdeer Technologies Group (BTDR) price momentum. RSI 9-day as of the close on 11 August was 68.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 168.74%.
As of today, BTDR’s price is $10.08 +37.34% or $3.42 from its 5-day moving average. BTDR is currently trading -10.21% lower than its 20-day SMA. However, the stock’s current price level is +155.69% above the SMA50.
The stochastic %K and %D were 37.84% and 22.47%, respectively, and the average true range (ATR) was 1.22. With the 14-day stochastic at 73.01% and the average true range at 1.12, the RSI (14) stands at 63.03%. The stock has reached 0.55 on the 9-day MACD Oscillator while the 14-day reading was at 0.46.
Analyst Ratings
The consensus rating for Bitdeer Technologies Group (BTDR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BTDR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is BTDR’s price target for the next 12 months?
Analysts predict a range of price targets between $10.80 and $10.80, with a median target of $10.80. Taking a look at these predictions, the average price target given by analysts for Bitdeer Technologies Group (BTDR) stock is $10.80.
