BTDR Stock Summary and Trading Ideas (Bitdeer Technologies Group - | NASDAQ:BTDR)

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.

Bitdeer Technologies Group - trades on the NASDAQ stock market under the symbol BTDR.

As of January 15, 2025, BTDR stock price climbed to $20.56 with 5,139,384 million shares trading.

BTDR has a beta of 2.56, meaning it tends to be more sensitive to market movements. BTDR has a correlation of 0.09 to the broad based SPY ETF.

BTDR has a market cap of $3.96 billion. This is considered a Mid Cap stock.

Last quarter Bitdeer Technologies Group - reported $62 million in Revenue and -$.18 earnings per share. This fell short of revenue expectation by $-15 million and missed earnings estimates by -$.13.

The top ETF exchange traded funds that BTDR belongs to (by Net Assets): WGMI, BLOK, DAPP, STCE, FDIG.

BTDR has outperformed the market in the last year with a return of +234.3%, while the SPY ETF gained +25.6%. In the last 3 month period, BTDR beat the market returning +152.9%, while SPY returned +1.6%. However, in the most recent 2 weeks BTDR has underperformed the stock market by returning -5.1%, while SPY returned +1.0%.

BTDR support price is $17.12 and resistance is $20.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BTDR shares will trade within this expected range on the day.