Bitdeer Technologies Holding Co (BTDR) 20 Days SMA touches 25.73%: The odds favor the bear

A new trading day began on November 20, 2023, with Bitdeer Technologies Holding Co (NASDAQ: BTDR) stock priced at $4.00, up 19.00% from the previous day of trading. During the day, the shares moved up to $4.88 and dropped to $3.93 before settling in for the closing price of $4.00. BTDR’s price has ranged from $2.77 to $14.75 over the past 52 weeks.

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Meanwhile, its annual earnings per share averaged -251.85%. With a float of $21.29 million, this company’s outstanding shares have now reached $62.89 million.

In terms of profitability, gross margin is +24.20, operating margin of -18.66, and the pretax margin is -19.63.

Bitdeer Technologies Holding Co (BTDR) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Bitdeer Technologies Holding Co is 80.86%, while institutional ownership is 1.60%.

Bitdeer Technologies Holding Co (BTDR) Earnings and Forecasts

In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.02 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -18.30 while generating a return on equity of -32.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -251.85% per share during the next fiscal year.

Bitdeer Technologies Holding Co (NASDAQ: BTDR) Trading Performance Indicators

Here are Bitdeer Technologies Holding Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.15.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.33, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach -0.11 in one year’s time.

Technical Analysis of Bitdeer Technologies Holding Co (BTDR)

Compared to the last year’s volume of 0.2 million, its volume of 0.8 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 43.68%. Additionally, its Average True Range was 0.66.

During the past 100 days, Bitdeer Technologies Holding Co’s (BTDR) raw stochastic average was set at 16.75%, which indicates a significant decrease from 72.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 169.07% in the past 14 days, which was higher than the 137.32% volatility it showed in the past 100 days.

Nevertheless, the first resistance level for the watch stands at $5.12 in the near term. At $5.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.07. If the price goes on to break the first support level at $4.17, it is likely to go to the next support level at $3.57. Should the price break the second support level, the third support level stands at $3.22.

Bitdeer Technologies Holding Co (NASDAQ: BTDR) Key Stats

With a market capitalization of 529.45 million, the company has a total of 111,289K Shares Outstanding. Currently, annual sales are 333,342 K while annual income is -3,920 K. The company’s previous quarter sales were 93,820 K while its latest quarter income was -40,360 K.


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