11 analysts have shared their evaluations of Bitdeer Technologies BTDR during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 2 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 1 | 0 | 0 | 0 |
| 3M Ago | 4 | 1 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $24.91, a high estimate of $30.00, and a low estimate of $20.00. Witnessing a positive shift, the current average has risen by 32.36% from the previous average price target of $18.82.
Deciphering Analyst Ratings: An In-Depth Analysis
The analysis of recent analyst actions sheds light on the perception of Bitdeer Technologies by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kevin Cassidy | Rosenblatt | Maintains | Buy | $30.00 | $30.00 |
| Kevin Cassidy | Rosenblatt | Raises | Buy | $30.00 | $22.00 |
| John Todaro | Needham | Maintains | Buy | $22.00 | $22.00 |
| Kevin Cassidy | Rosenblatt | Maintains | Buy | $22.00 | $22.00 |
| John Todaro | Needham | Raises | Buy | $22.00 | $14.00 |
| Mike Grondahl | Northland Capital Markets | Raises | Outperform | $24.00 | $20.00 |
| Lucas Pipes | B. Riley Securities | Raises | Buy | $24.00 | $15.00 |
| Darren Aftahi | Roth MKM | Raises | Buy | $29.00 | $15.00 |
| Mark Palmer | Benchmark | Raises | Buy | $29.00 | $16.00 |
| Mike Grondahl | Northland Capital Markets | Raises | Outperform | $20.00 | $14.00 |
| Kevin Cassidy | Rosenblatt | Raises | Buy | $22.00 | $17.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Bitdeer Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Bitdeer Technologies compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Bitdeer Technologies's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into Bitdeer Technologies's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Bitdeer Technologies analyst ratings.
Get to Know Bitdeer Technologies Better
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.
Financial Insights: Bitdeer Technologies
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Bitdeer Technologies's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -28.95%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Bitdeer Technologies's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -80.76%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Bitdeer Technologies's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -10.02%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -5.35%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Bitdeer Technologies's debt-to-equity ratio is below the industry average. With a ratio of 0.33, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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