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 May 24, 2024, BTDR stock price climbed to $6.06 with 296,414 million shares trading.

BTDR has a beta of 2.25, meaning it tends to be more sensitive to market movements. BTDR has a correlation of 0.04 to the broad based SPY ETF.

BTDR has a market cap of $715.74 million. This is considered a Small Cap stock.

Last quarter Bitdeer Technologies Group - reported $120 million in Revenue and $.01 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.10.

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

BTDR has underperformed the market in the last year with a return of +21.2%, while the SPY ETF gained +30.4%. In the last 3 month period, BTDR fell short of the market, returning -6.5%, while SPY returned +4.6%. However, in the most recent 2 weeks BTDR has outperformed the stock market by returning +10.2%, while SPY returned +1.7%.

BTDR support price is $5.38 and resistance is $5.88 (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 stock will trade within this expected range on the day.