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 14, 2024, BTDR stock price climbed to $9.95 with 2,162,918 million shares trading.

BTDR has a beta of 2.77, meaning it tends to be more sensitive to market movements. BTDR has a correlation of 0.06 to the broad based SPY ETF.

BTDR has a market cap of $1.38 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, DAPP, BITQ, BLOK, FDIG.

BTDR has outperformed the market in the last year with a price return of +33.0% while the SPY ETF gained +25.7%. BTDR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +54.0% and +62.3%, respectively, while the SPY returned +6.0% and +2.9%, respectively.

BTDR support price is $9.17 and resistance is $10.54 (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.