Stock Price & Analysis

BTDR stock is currently showing mixed signals, with a price of $11.205 and a slight decline in today's trading. It may be wise to hold or wait for further market clarity before making a decision.

BTDR stock is predicted to reach $12.50 by mid-2025, driven by strong machine sales and expansion in high-performance computing. The stock may test $9.20 if it breaks below current Fibonacci support levels.

The S1 support level for BTDR Stock is $8.84 ,The R1 resistant level for BTDR Stock is $11.38.

As of the end of day on 2025-04-01, the price of BTDR Stock was $8.73.

The target price for BTDR Stock according to analyst rating is 23.25, with the highest price target at 31.00 and the lowest at 15.00. Analysts have a Strong Buy rating on BTDR Stock overall.

The market cap of BTDR is $1.7B.

Analysis and Insights

Valuation Metrics:

BTDR's valuation metrics indicate a mixed outlook. The stock currently trades with a price-to-sales (PS) ratio of 10.64 and a price-to-book (PB) ratio of 2.01. These metrics suggest that the stock may be moderately overvalued compared to industry peers, especially given the current market conditions.

Analyst Sentiment:

Despite recent price target adjustments, analysts maintain a "Strong Buy" rating on BTDR. The average price target has been lowered to $15 from $18 by Needham and to $25 from $30 by Rosenblatt, reflecting cautious optimism about the company's growth prospects.

Technical Analysis:

The stock's technical indicators show a neutral RSI of 45.58, indicating neither overbought nor oversold conditions. The MACD is slightly bearish at -1.06, suggesting short-term downward momentum. However, the Fibonacci retracement levels indicate support at $10.54, which could act as a floor for the stock price.

Conclusion:

BTDR appears moderately overvalued based on its PS and PB ratios. However, analyst sentiment remains positive, and the stock's technical indicators suggest it is not severely overvalued. The company's focus on ASIC chips and infrastructure could drive future growth, making it a balanced investment opportunity.

Bitdeer Technologies Group is a technology company. The Company is engaged in providing cryptocurrency mining solutions. It primarily operates three business lines: proprietary mining, hash rate sharing, and hosting. Its Proprietary mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. It offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. It offers hash rate subscription plans at fixed price and share mining income with them under certain arrangements. The Company's hosting services offer customers mining machine hosting solutions encompassing deployment, maintenance, and management services for cryptocurrency mining.

The price prediction for BTDR stock by 2030 is $35 per share. This forecast is based on the company's strategic expansion, including the acquisition of a Canadian power plant, which enhances energy efficiency and scalability. Additionally, analyst upgrades and positive sentiment about BTDR's diversified revenue streams and high-performance computing potential support this projection.

BTDR has a total of 211 employees.