How to Buy Bitdeer Technologies Group Stock
Bitdeer Technologies Group
Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community.
Bitdeer Technologies Group stock last closed at $9.57, down 2.84% from the previous day, and has increased 74.32% in one year. It has overperformed other stocks in the Software - Application industry by 0.79 percentage points. Bitdeer Technologies Group stock is currently +82.29% from its 52-week low of $5.25, and -64.54% from its 52-week high of $26.99.
At the moment, there are 192.32M BTDR shares outstanding. The market value of BTDR is $1.84B. In the past 24 hours, 2.54M BTDR shares were traded.
How to Buy Bitdeer Technologies Group Stock
Wondering how to invest in Bitdeer Technologies Group stock? Here's how.
- Choose where to buy Bitdeer Technologies Group stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Bitdeer Technologies Group stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your payment method and add your information.
- Evaluate Bitdeer Technologies Group stock: The Bitdeer Technologies Group ticker symbol is BTDR. Is Bitdeer Technologies Group stock a good investment? Should you buy shares of BTDR? How do BTDR's underlying business fundamentals look? Do top analysts think Bitdeer Technologies Group is a good buy? Why has BTDR's stock price moved recently? (Hint: Our stock research website can help you evaluate if BTDR is a good stock to buy).
- Make your BTDR buy order: Decide if you will purchase BTDR shares at the current market price or use a limit order to purchase BTDR shares at a specific price.
- Get updates on your investment in BTDR: Create a watchlist to important updates regarding your new investment in Bitdeer Technologies Group stock.
Step 1: Choose where to buy Bitdeer Technologies Group stock
You need an online brokerage account to access the NASDAQ market and buy BTDR stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal details so you are able to invest in BTDR today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create your new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on our top ranked stock trading app, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring funds into your brokerage account.
Step 4: Evaluate Bitdeer Technologies Group stock
After you have decided on the best place to buy Bitdeer Technologies Group stock, it's very important to research their stock before you buy, so you can wrap your head around the risk and upside.
Overview of key BTDR info
Bitdeer Technologies Group Overview
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on BTDR's stock page.
How is BTDR stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge BTDR's fair value.
Using relative valuations measures:
- BTDR could be undervalued based on its P/B ratio of 6.65x, relative to Software - Application industry P/B ratio of 7.01x
You can access more valuation analysis on BTDR's stock here.
BTDR Financial Summary
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the BTDR balance sheet.
Failed Health Checks:
- BTDR has $567.49M in cash and short term investments. This is not enough to cover its annual cash burn of $740.09M.
- There are more short-term liabilities than short-term assets on the BTDR balance sheet.
- BTDR profit margin has gone down from -15.4% to -171.3% in the past year.
- BTDR has a relatively high debt to equity ratio of 4.63.
- BTDR has cash burn of 740087000. It does not have sufficient cash and short-term investments to cover this.
Is it a good time to buy Bitdeer Technologies Group stock, according to Wall Street analysts?
Out of 7 Wall Street analysts who give recommendations on BTDR, the consensus analyst rating on BTDR is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest BTDR Analyst Ratings
Mike Grondahl, a bottom 5% analyst from Northland Securities maintains BTDR with a buy rating and raises their BTDR price target from $20.00 to $24.00, on Jan 10, 2025.
Lucas Pipes, a bottom 12% analyst from B. Riley Securities maintains BTDR with a strong buy rating and raises their BTDR price target from $15.00 to $24.00, on Dec 19, 2024.
B. Riley Securities's Lucas Pipes raised their price target on Bitdeer Technologies Group (NASDAQ: BTDR) by 60% from $15 to $24 on 2024/12/19. The analyst maintained their Strong Buy rating on the stock.
Contextualizing their price target hike on Bitdeer Technologies Group, Pipes made the following points:
- As of 2024/12/14, Bitcoin is up in value by ~53% since Election Day after reaching an all-time high above $107K.
- During the same period, the global hash rate has risen by 11%, peaking at ~890 EH/s for a brief period.
- In its 2024/11 update, Bitdeer Technologies Group noted that A2 production targets have nearly doubled from 18 EH/s to 35 EH/s and that the company has 7 EH/s committed to third parties.
- However, the company has not provided explicit guidance beyond what could be used for self-mining versus third-party sales.
You can dig deeper into what analysts are saying on the Bitdeer Technologies Group stock forecast page.
BTDR Technicals
Is BTDR Growing Revenue?
Last year, BTDR revenue was $349.78M. During the past five year, BTDR's revenue has increased by 31.55% per year. This was faster than the Software - Application industry average of 21.74%.
You can research BTDR's earnings and revenue performance here.
What are BTDR executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at BTDR have not bought or sold any shares.
Get more info about who owns BTDR stock here.
Does BTDR provide a stable income stream?
No, Bitdeer Technologies Group doesn't provide an income stream by paying out dividends.
Get analysis from other traders
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Step 5: Make your BTDR buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, place a limit order.
Press the Open button and eToro will execute the order.
If you need additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your investment in BTDR
Now that you own some BTDR stock, you'll want to stay up-to-date on your stock purchase.
Put BTDR on a watchlist to track the most important metrics related to your BTDR stock.
BTDR Feed
How to Buy Stock in Bitdeer Technologies Group
To reiterate, here are the 6 steps for buying Bitdeer Technologies Group stock:
- Choose where to buy Bitdeer Technologies Group stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Bitdeer Technologies Group stock
- Make your BTDR buy order
- Get updates on your investment in BTDR
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Bitdeer Technologies Group, click below.
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