Bitdeer Technologies Holding Co (NASDAQ:BTDR) shares, rose in value, with the stock price up by 0.07% to the previous day’s close as strong demand from buyers drove the stock to $14.31.
Actively observing the price movement in the last trading, the stock closed the session at $14.30. Referring to stock’s 52-week performance, its high was $26.99, and the low was $5.40. On the whole, BTDR has fluctuated by 45.28% over the past month.
With the market capitalization of Bitdeer Technologies Holding Co currently standing at about $2.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BTDR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of BTDR currently trading nearly 5.31% and 31.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.97, while the 7-day volatility ratio is showing 3.96% which for the 30-day chart, stands at 5.87%. Furthermore, Bitdeer Technologies Holding Co (BTDR)’s beta value is 2.39, and its average true range (ATR) is 1.09.
A comparison of Bitdeer Technologies Holding Co (BTDR) with its peers suggests the former has fared considerably weaker in the market. BTDR showed an intraday change of 0.07% in last session, and over the past year, it grew by 136.14%%.
Data on historical trading for Bitdeer Technologies Holding Co (NASDAQ:BTDR) indicates that the trading volumes over the past 3 months, they’ve averaged 4.91 million. According to company’s latest data on outstanding shares, there are 129.03 million shares outstanding.
Nearly 58.21% of Bitdeer Technologies Holding Co’s shares belong to company insiders and institutional investors own 16.33% of the company’s shares. The stock has fallen by -33.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTDR stock heading into the next quarter.
