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 September 27, 2024, BTDR stock price climbed to $8.32 with 1,787,176 million shares trading.

BTDR has a beta of 2.72, 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 $1.39 billion. This is considered a Small Cap stock.

Last quarter Bitdeer Technologies Group - reported $99 million in Revenue and $.04 earnings per share. This fell short of revenue expectation by $-10 million and exceeded earnings estimates by $.05.

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

BTDR has underperformed the market in the last year with a return of -12.7%, while the SPY ETF gained +35.9%. In the last 3 month period, BTDR fell short of the market, returning -10.1%, while SPY returned +5.2%. However, in the most recent 2 weeks BTDR has outperformed the stock market by returning +24.9%, while SPY returned +2.6%.

BTDR support price is $7.54 and resistance is $8.47 (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.