13 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 | 12 | 1 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 7 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 1 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Bitdeer Technologies, presenting an average target of $23.58, a high estimate of $30.00, and a low estimate of $15.00. Experiencing a 1.13% decline, the current average is now lower than the previous average price target of $23.85.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Bitdeer Technologies among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Todaro | Needham | Lowers | Buy | $15.00 | $18.00 |
| Kevin Cassidy | Rosenblatt | Lowers | Buy | $25.00 | $30.00 |
| Darren Aftahi | Roth MKM | Lowers | Buy | $23.50 | $29.00 |
| Mark Palmer | Benchmark | Lowers | Buy | $24.00 | $29.00 |
| John Todaro | Needham | Lowers | Buy | $18.00 | $22.00 |
| Kevin Cassidy | Rosenblatt | Maintains | Buy | $30.00 | $30.00 |
| Mike Colonnese | HC Wainwright & Co. | Lowers | Buy | $21.00 | $22.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Bitdeer Technologies. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, 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.
Capture valuable insights into Bitdeer Technologies's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Bitdeer Technologies analyst ratings.
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About Bitdeer Technologies
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: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Positive Revenue Trend: Examining Bitdeer Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.27% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Bitdeer Technologies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -770.69%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Bitdeer Technologies's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -133.42%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Bitdeer Technologies's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -40.85%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 1.03, Bitdeer Technologies faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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