Following these proceedings, A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid June with a ‘”an Overweight”‘ rating. Needham began covering BTDR with “Buy” recommendation on April 15, 2024. Rosenblatt started covering the stock on April 09, 2024. It rated BTDR as “a Buy”.
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Price Performance Review of BTDR
On Tuesday, Bitdeer Technologies Holding Co [NASDAQ:BTDR] saw its stock fall -11.37% to $6.94. Over the last five days, the stock has lost -5.06%. Bitdeer Technologies Holding Co shares have fallen nearly -29.61% since the year began. Nevertheless, the stocks have fallen -28.01% over the past one year. While a 52-week high of $14.27 was reached on 07/09/24, a 52-week low of $2.77 was recorded on 04/16/24. SMA at 50 days reached $7.44, while 200 days put it at $7.61.
Levels Of Support And Resistance For BTDR Stock
The 24-hour chart illustrates a support level at 6.59, which if violated will result in even more drops to 6.24. On the upside, there is a resistance level at 7.50. A further resistance level may holdings at 8.06. The Relative Strength Index (RSI) on the 14-day chart is 46.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.46%. Stochastics %K at 66.37% indicates the stock is a holding.
How much short interest is there in Bitdeer Technologies Holding Co?
A steep rise in short interest was recorded in Bitdeer Technologies Holding Co stocks on 2024-09-13, growing by 7.04 million shares to a total of 10.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.36 million shares. There was a rise of 67.66%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 14, 2024 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.
