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 June 25, 2024, BTDR stock price climbed to $10.03 with 4,841,060 million shares trading.

BTDR has a beta of 1.40, meaning it tends to be more sensitive to market movements. BTDR has a correlation of 0.02 to the broad based SPY ETF.

BTDR has a market cap of $1.39 billion. 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, BLOK, BITQ, FDIG, CRPT.

BTDR stock has underperformed the market in the last year with a return of -11.8%, while SPY returned +27.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BTDR shares. However, BTDR has outperformed the market in the last 3 month and 2 week periods, returning +39.1% and +33.0%, while SPY returned +5.2% and +1.8%, respectively. This indicates BTDR has been having a stronger performance recently.

BTDR support price is $8.50 and resistance is $9.90 (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.