We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in BITDEER TEC GRP (BTDR): Can Its 7.6% Jump Turn into More Strength?
Read MoreHide Full Article
Bitdeer Technologies Group (BTDR - Free Report) shares ended the trading session on Monday 7.6% higher at $12.42. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 58.1% gain over the past four weeks.
The stock is benefiting from the company’s increased revenue generation capacity due to strong self-mining business resulting from increased self-mining hash rate and Bitcoin production.
This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -66.7%. Revenues are expected to be $109.7 million, up 16.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For BITDEER TEC GRP, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BTDR going forward to see if this recent jump can turn into more strength down the road.
BITDEER TEC GRP is a member of the Zacks Technology Services industry. One other stock in the same industry, Jacobs Solutions (J - Free Report) , finished the last trading session 0.7% higher at $137.66. J has returned -1.7% over the past month.
Jacobs Solutions' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.96. Compared to the company's year-ago EPS, this represents a change of +7.7%. Jacobs Solutions currently boasts a Zacks Rank of #4 (Sell).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Strength Seen in BITDEER TEC GRP (BTDR): Can Its 7.6% Jump Turn into More Strength?
Bitdeer Technologies Group (BTDR - Free Report) shares ended the trading session on Monday 7.6% higher at $12.42. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 58.1% gain over the past four weeks.
The stock is benefiting from the company’s increased revenue generation capacity due to strong self-mining business resulting from increased self-mining hash rate and Bitcoin production.
This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -66.7%. Revenues are expected to be $109.7 million, up 16.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For BITDEER TEC GRP, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BTDR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
BITDEER TEC GRP is a member of the Zacks Technology Services industry. One other stock in the same industry, Jacobs Solutions (J - Free Report) , finished the last trading session 0.7% higher at $137.66. J has returned -1.7% over the past month.
Jacobs Solutions' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.96. Compared to the company's year-ago EPS, this represents a change of +7.7%. Jacobs Solutions currently boasts a Zacks Rank of #4 (Sell).