News on btdr?

Here is some news on btdr: 1. **Stock Performance and Analyst Ratings**: - Bitdeer Technologies Group's (BTDR) stock experienced a gap up on October 27, 2024, from $7.53 to $7.93, with a final trade at $8.25. - The company has received a consensus recommendation of "Buy" from eleven ratings firms, including analysts from Cantor Fitzgerald, Alliance Global Partners, B. Riley, Northland Securities, and Benchmark. - The average 1-year target price set by brokerages is $13.70. 2. **Recent Institutional Activity**: - Shariaportfolio Inc. purchased a new position in BTDR during the third quarter, investing $1.04 million and acquiring 132,732 shares. - Institutional investors and hedge funds have shown interest in BTDR, with significant investments and position adjustments made by firms like Point72 Asset Management, Millennium Management LLC, and Marshall Wace LLP. 3. **Market Position and Financial Metrics**: - BTDR has a market capitalization of $933.80 million and a PE ratio of -20.34. - The company's 50-day simple moving average is $7.12, and its 200-day simple moving average is $7.64. - BTDR has a beta of 1.92, indicating higher volatility compared to the market. In conclusion, Bitdeer Technologies Group (BTDR) has recently seen positive stock performance and favorable analyst ratings, with a strong buy consensus and a higher average target price. Institutional investors have also shown confidence in the company, further supported by its market position and financial metrics.