Symbols / BTDR Stock $11.84 +4.87% Bitdeer Technologies Group

Technology • Software - Application • Singapore • NCM
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Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Jihan Wu
Exch · Country NCM · Singapore
Market Cap 2.88B
Enterprise Value 3.61B
Income 65.60M
Sales 620.25M
FCF (ttm) -909.37M
Book/sh 3.85
Cash/sh 0.69
Employees
Insider 10d
IPO Jul 28, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E
Forward P/E -104.47
PEG
P/S 4.64
P/B 3.07
P/C
EV/EBITDA 11.02
EV/Sales 5.82
Quick Ratio 0.13
Current Ratio 0.91
Debt/Eq 126.67
LT Debt/Eq
EPS (ttm) -1.43
EPS next Y -0.11
EPS Growth
Revenue Growth 225.80%
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next) 2026-05-14
Earnings (prior) 2026-02-12
ROA 4.58%
ROE 11.46%
ROIC
Gross Margin 9.83%
Oper. Margin 48.64%
Profit Margin 10.58%
Shs Outstand 198.59M
Shs Float 120.61M
Insider Own 34.32%
Instit Own 41.11%
Short Float 36.12%
Short Ratio 6.73
Short Interest 52.42M
52W High 27.80
vs 52W High -57.41%
52W Low 6.92
vs 52W Low 71.20%
Beta 2.28
Impl. Vol. 1.14%
Rel Volume 0.57
Avg Volume 8.22M
Volume 4.65M
Target (mean) $20.53
Tgt Median $20.00
Tgt Low $11.00
Tgt High $30.00
# Analysts 12
Recom Strong_buy
Prev Close $11.29
Price $11.84
Change 4.87%
About

Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, and Norway. The company offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining rig hosting solutions comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mines cryptocurrencies for its own account. It also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.84
Low
$11.00
High
$30.00
Mean
$20.53

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-09 down Cantor Fitzgerald Overweight → Neutral $10
2026-03-18 main Rosenblatt Buy → Buy $18
2026-02-13 main Rosenblatt Buy → Buy $18
2026-02-13 main Needham Buy → Buy $22
2026-02-12 main HC Wainwright & Co. Buy → Buy $25
2026-02-10 main Benchmark Buy → Buy $27
2026-02-09 main Rosenblatt Buy → Buy $18
2026-01-27 down Keefe, Bruyette & Woods Outperform → Market Perform $14
2026-01-14 main Rosenblatt Buy → Buy $30
2025-12-16 main Cantor Fitzgerald Overweight → Overweight $34
2025-11-26 reit BTIG Buy → Buy $25
2025-11-12 main B. Riley Securities Buy → Buy $29
2025-11-11 main Rosenblatt Buy → Buy $30
2025-11-11 main HC Wainwright & Co. Buy → Buy $30
2025-10-16 main Needham Buy → Buy $30
2025-10-15 main Cantor Fitzgerald Overweight → Overweight $50
2025-10-15 main Roth Capital Buy → Buy $40
2025-10-15 main Rosenblatt Buy → Buy $20
2025-10-14 main BTIG Buy → Buy $25
2025-10-06 init Jones Trading — → Buy $32
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
620.25
+77.33%
349.78
-5.09%
368.55
+10.56%
333.34
Operating Revenue
620.25
+77.33%
349.78
-5.09%
368.55
+10.56%
333.34
Cost Of Revenue
559.26
+97.35%
283.38
-2.53%
290.75
+16.26%
250.09
Reconciled Cost Of Revenue
559.26
+97.35%
283.38
-2.53%
290.75
+16.26%
250.09
Gross Profit
60.99
-8.14%
66.40
-14.66%
77.81
-6.54%
83.25
Operating Expense
245.56
+57.64%
155.77
+16.22%
134.03
-4.62%
140.52
Research And Development
153.88
+99.98%
76.95
+160.53%
29.53
-16.64%
35.43
Selling General And Administration
91.08
+25.87%
72.36
-3.13%
74.70
-28.95%
105.14
Selling And Marketing Expense
6.67
-17.12%
8.04
-2.45%
8.25
-29.42%
11.68
General And Administrative Expense
84.42
+31.25%
64.32
-3.22%
66.45
-28.89%
93.45
Other Gand A
84.42
+31.25%
64.32
-3.22%
66.45
-28.89%
93.45
Other Operating Expenses
0.60
-90.67%
6.46
-78.30%
29.80
+71047.62%
-0.04
Total Expenses
804.82
+83.27%
439.15
+3.38%
424.78
+8.75%
390.61
Operating Income
-184.57
-106.52%
-89.37
-58.96%
-56.22
+1.83%
-57.27
Total Operating Income As Reported
159.72
+127.09%
-589.66
-1028.60%
-52.25
+13.76%
-60.59
EBITDA
338.28
+167.31%
-502.58
-1794.97%
29.65
+332.17%
6.86
Normalized EBITDA
-6.92
-1078.53%
-0.59
-102.24%
26.18
+96.34%
13.34
Reconciled Depreciation
168.12
+107.31%
81.10
+7.35%
75.54
+13.73%
66.42
EBIT
170.16
+129.15%
-583.67
-1171.90%
-45.89
+22.96%
-59.56
Total Unusual Items
345.20
+168.77%
-501.99
-14579.09%
3.47
+153.54%
-6.47
Total Unusual Items Excluding Goodwill
345.20
+168.77%
-501.99
-14579.09%
3.47
+153.54%
-6.47
Special Income Charges
-69.19
-1544.23%
-4.21
-540.17%
0.96
+132.23%
-2.97
Other Special Charges
60.34
+620.93%
8.37
+1839.92%
-0.48
Impairment Of Capital Assets
13.41
0.00
0.00
Restructuring And Mergern Acquisition
0.00
-100.00%
3.19
0.00
0.00
Write Off
5.04
+438.68%
0.94
+46700.00%
0.00
0.00
Net Income
65.60
+110.95%
-599.15
-957.52%
-56.66
+6.15%
-60.37
Pretax Income
70.83
+111.77%
-601.59
-1080.27%
-50.97
+21.30%
-64.77
Net Non Operating Interest Income Expense
-92.33
-792.10%
-10.35
-551.57%
2.29
+276.31%
-1.30
Interest Expense Non Operating
99.33
+454.28%
17.92
+252.71%
5.08
-2.34%
5.20
Net Interest Income
-92.33
-792.10%
-10.35
-551.57%
2.29
+276.31%
-1.30
Interest Expense
99.33
+454.28%
17.92
+252.71%
5.08
-2.34%
5.20
Interest Income Non Operating
7.61
-3.38%
7.87
-1.03%
7.95
+85.34%
4.29
Interest Income
7.61
-3.38%
7.87
-1.03%
7.95
+85.34%
4.29
Other Income Expense
347.73
+169.29%
-501.87
-17055.14%
2.96
+147.79%
-6.19
Other Non Operating Income Expenses
2.53
+2045.76%
0.12
+123.27%
-0.51
-280.43%
0.28
Gain On Sale Of Security
414.39
+183.25%
-497.78
-19924.05%
2.51
+171.56%
-3.51
Tax Provision
5.23
+314.20%
-2.44
-142.97%
5.68
+229.20%
-4.40
Tax Rate For Calcs
0.00
+1719.28%
0.00
-98.07%
0.00
+209.28%
0.00
Tax Effect Of Unusual Items
25.50
+1351.09%
-2.04
-379.99%
0.73
+265.60%
-0.44
Net Income Including Noncontrolling Interests
65.60
+110.95%
-599.15
-957.52%
-56.66
+6.15%
-60.37
Net Income From Continuing Operation Net Minority Interest
65.60
+110.95%
-599.15
-957.52%
-56.66
+6.15%
-60.37
Net Income From Continuing And Discontinued Operation
65.60
+110.95%
-599.15
-957.52%
-56.66
+6.15%
-60.37
Net Income Continuous Operations
65.60
+110.95%
-599.15
-957.52%
-56.66
+6.15%
-60.37
Normalized Income
-254.10
-156.15%
-99.20
-67.02%
-59.39
-9.32%
-54.33
Net Income Common Stockholders
65.60
+110.95%
-599.15
-957.52%
-56.66
+6.15%
-60.37
Diluted EPS
-1.43
+67.20%
-4.36
-754.90%
-0.51
+5.98%
-0.54
Basic EPS
0.32
+107.34%
-4.36
-754.90%
-0.51
+5.98%
-0.54
Basic Average Shares
204.68
+48.94%
137.43
+24.37%
110.49
-0.71%
111.29
Diluted Average Shares
234.32
+70.51%
137.43
+24.37%
110.49
-0.71%
111.29
Diluted NI Availto Com Stockholders
-336.18
+43.89%
-599.15
-957.52%
-56.66
+6.15%
-60.37
Average Dilution Earnings
-401.78
0.00
0.00
Gain On Sale Of PPE
9.60
+15.86%
8.28
+1636.48%
0.48
+116.08%
-2.97
Total Other Finance Cost
0.60
+101.67%
0.30
-48.28%
0.58
+49.48%
0.39
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
2,804.57
+80.03%
1,557.85
+143.65%
639.39
Current Assets
1,386.65
+46.05%
949.45
+264.72%
260.32
Cash Cash Equivalents And Short Term Investments
237.41
-57.48%
558.35
+246.58%
161.10
Cash And Cash Equivalents
149.35
-68.64%
476.27
+229.08%
144.73
Cash Financial
149.35
-68.64%
476.27
+229.08%
144.73
Other Short Term Investments
88.05
+7.28%
82.08
+401.36%
16.37
Receivables
176.59
+602.44%
25.14
+43.95%
17.46
Accounts Receivable
31.37
+225.90%
9.63
-44.28%
17.28
Other Receivables
135.56
Taxes Receivable
3.42
Loans Receivable
0.00
Inventory
252.00
+288.36%
64.89
+18653.76%
0.35
Raw Materials
118.40
+313.10%
28.66
+12307.36%
0.23
Work In Process
128.18
+387.81%
26.28
+22749.57%
0.12
Finished Goods
5.42
-45.56%
9.95
0.00
Prepaid Assets
89.54
Restricted Cash
22.37
+144.60%
9.14
-4.13%
9.54
Other Current Assets
698.29
+139.20%
291.93
+306.16%
71.88
Total Non Current Assets
1,417.92
+133.06%
608.41
+60.50%
379.06
Net PPE
1,145.76
+195.32%
387.97
+40.08%
276.96
Gross PPE
1,541.91
+138.90%
645.42
+34.44%
480.07
Accumulated Depreciation
-396.16
-53.88%
-257.45
-26.76%
-203.10
Properties
827.49
+347.52%
184.91
+9.73%
168.51
Land And Improvements
6.62
+111.30%
3.13
+52.24%
2.06
Buildings And Improvements
67.65
+135.15%
28.77
+5.13%
27.36
Machinery Furniture Equipment
124.44
+149.21%
49.93
+2.45%
48.74
Construction In Progress
135.79
-5.77%
144.10
+378.81%
30.09
Other Properties
95.86
+113.16%
44.97
+67.39%
26.87
Leases
284.07
+49.81%
189.62
+7.47%
176.43
Goodwill And Other Intangible Assets
129.25
+8.57%
119.05
+2392.21%
4.78
Goodwill
35.82
+0.00%
35.82
0.00
Other Intangible Assets
93.43
+12.25%
83.23
+1642.41%
4.78
Investments And Advances
39.31
+3.50%
37.98
+3.28%
36.77
Other Investments
Non Current Deferred Assets
11.09
+78.25%
6.22
+527.65%
0.99
Non Current Deferred Taxes Assets
11.09
+78.25%
6.22
+527.65%
0.99
Other Non Current Assets
30.84
+16.57%
26.46
+4.94%
25.21
Total Liabilities Net Minority Interest
1,936.72
+51.16%
1,281.26
+317.59%
306.82
Current Liabilities
1,520.66
+38.23%
1,100.12
+807.85%
121.18
Payables And Accrued Expenses
192.17
+129.97%
83.56
+25.89%
66.38
Payables
192.17
+129.97%
83.56
+25.89%
66.38
Accounts Payable
119.82
+280.73%
31.47
-3.12%
32.48
Other Payable
54.66
+34.56%
40.62
+33.19%
30.50
Current Accrued Expenses
9.73
Total Tax Payable
13.36
+389.37%
2.73
-18.95%
3.37
Income Tax Payable
13.36
+389.37%
2.73
-18.95%
3.37
Current Debt And Capital Lease Obligation
763.02
+257.24%
213.59
+3939.09%
5.29
Current Debt
753.79
+262.18%
208.13
Other Current Borrowings
753.79
+262.18%
208.13
Current Capital Lease Obligation
9.23
+68.97%
5.46
+3.25%
5.29
Current Deferred Liabilities
64.39
+64.98%
39.03
-21.17%
49.51
Current Deferred Revenue
64.39
+64.98%
39.03
-21.17%
49.51
Other Current Liabilities
501.08
-34.41%
763.94
Total Non Current Liabilities Net Minority Interest
416.06
+129.69%
181.14
-2.43%
185.64
Long Term Debt And Capital Lease Obligation
336.28
+362.73%
72.67
-16.98%
87.54
Long Term Debt
247.30
22.62
Long Term Capital Lease Obligation
88.98
+22.44%
72.67
+11.94%
64.92
Tradeand Other Payables Non Current
2.41
+46.24%
1.65
-0.36%
1.66
Non Current Deferred Liabilities
77.37
-27.57%
106.81
+10.75%
96.44
Non Current Deferred Revenue
63.26
-29.87%
90.20
-4.88%
94.83
Non Current Deferred Taxes Liabilities
14.12
-15.04%
16.61
+925.56%
1.62
Stockholders Equity
867.85
+213.76%
276.60
-16.83%
332.57
Common Stock Equity
867.85
+213.76%
276.60
-16.83%
332.57
Capital Stock
0.00
0.00
0.00
Common Stock
0.00
0.00
0.00
Share Issued
238.92
+24.14%
192.46
+70.97%
112.57
Ordinary Shares Number
235.55
+22.48%
192.32
+71.76%
111.97
Treasury Shares Number
3.36
+2208.36%
0.15
-75.98%
0.61
Retained Earnings
-583.41
+10.11%
-649.00
-1201.84%
-49.85
Gains Losses Not Affecting Retained Earnings
1,776.85
+63.53%
1,086.53
+182.20%
385.02
Treasury Stock
325.60
+102.33%
160.93
+6079.95%
2.60
Total Equity Gross Minority Interest
867.85
+213.76%
276.60
-16.83%
332.57
Total Capitalization
1,115.15
+303.17%
276.60
-22.13%
355.18
Working Capital
-134.01
+11.06%
-150.67
-208.28%
139.15
Invested Capital
1,868.94
+285.57%
484.73
+36.47%
355.18
Total Debt
1,099.30
+284.02%
286.26
+208.37%
92.83
Net Debt
851.74
Capital Lease Obligations
98.21
+25.69%
78.13
+11.28%
70.21
Net Tangible Assets
738.60
+368.82%
157.54
-51.94%
327.79
Tangible Book Value
738.60
+368.82%
157.54
-51.94%
327.79
Current Provisions
1.36
Duefrom Related Parties Current
9.65
-37.76%
15.51
+8195.19%
0.19
Dueto Related Parties Current
4.34
-50.38%
8.75
+26406.06%
0.03
Financial Assets
31.86
0.00
Financial Assets Designatedas Fair Value Through Profitor Loss Total
39.31
+3.50%
37.98
+3.28%
36.77
Investment Properties
29.83
-2.92%
30.72
-10.55%
34.35
Investmentin Financial Assets
39.31
+3.50%
37.98
+3.28%
36.77
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-1,738.68
-179.50%
-622.07
-128.88%
-271.79
-1.40%
-268.04
Cash Flow From Continuing Operating Activities
-1,738.68
-179.50%
-622.07
-128.88%
-271.79
-1.40%
-268.04
Net Income From Continuing Operations
65.60
+110.95%
-599.15
-957.52%
-56.66
+6.15%
-60.37
Depreciation Amortization Depletion
168.12
+107.31%
81.10
+7.35%
75.54
+13.73%
66.42
Depreciation
144.61
+98.88%
72.71
-2.77%
74.79
+12.75%
66.33
Amortization Cash Flow
23.51
+180.45%
8.38
+1011.67%
0.75
+677.32%
0.10
Depreciation And Amortization
168.12
+107.31%
81.10
+7.35%
75.54
+13.73%
66.42
Amortization Of Intangibles
23.51
+180.45%
8.38
+1011.67%
0.75
+677.32%
0.10
Other Non Cash Items
-436.91
-39.30%
-313.65
-2.40%
-306.29
+0.70%
-308.45
Stock Based Compensation
38.49
+13.32%
33.97
-25.33%
45.49
-49.82%
90.65
Asset Impairment Charge
22.34
+2286.32%
0.94
+46700.00%
0.00
0.00
Deferred Tax
5.68
+229.20%
-4.40
Deferred Income Tax
5.68
+229.20%
-4.40
Operating Gains Losses
-393.32
-177.73%
506.00
+16047.15%
-3.17
-156.32%
5.63
Gain Loss On Investment Securities
-441.32
-188.59%
498.17
-0.21
Unrealized Gain Loss On Investment Securities
3.66
+285.89%
-1.97
+44.15%
-3.53
-519.38%
0.84
Net Foreign Currency Exchange Gain Loss
-3.44
-317.16%
1.58
+56.00%
1.02
-64.73%
2.88
Gain Loss On Sale Of PPE
-8.97
-366.74%
-1.92
+49.21%
-3.78
-227.51%
2.97
Change In Working Capital
-1,145.05
-257.38%
-320.40
-808.75%
-35.26
+13.35%
-40.69
Change In Receivables
-26.62
-516.74%
6.39
+2265.56%
0.27
+105.39%
-5.01
Changes In Account Receivables
-26.54
-314.53%
12.37
+3146.98%
0.38
+107.12%
-5.35
Change In Inventory
-786.89
-869.13%
-81.20
-39701.96%
-0.20
-128.49%
0.72
Change In Prepaid Assets
-408.23
-86.27%
-219.16
-346.98%
-49.03
-116.68%
-22.63
Change In Payables And Accrued Expense
68.36
+416.98%
-21.57
-362.79%
8.21
+285.59%
-4.42
Change In Payable
68.36
+416.98%
-21.57
-362.79%
8.21
+285.59%
-4.42
Change In Account Payable
67.65
+700.81%
-11.26
-182.78%
13.60
+326.04%
-6.02
Change In Other Working Capital
8.33
+227.86%
-6.51
-218.44%
5.50
+153.16%
-10.34
Change In Other Current Assets
0.00
-100.00%
1.65
+41200.00%
0.00
-99.60%
1.00
Investing Cash Flow
38.86
-65.52%
112.70
-43.61%
199.85
+49.38%
133.79
Cash Flow From Continuing Investing Activities
38.86
-65.52%
112.70
-43.61%
199.85
+49.38%
133.79
Net PPE Purchase And Sale
-289.56
-128.15%
-126.92
-0.53%
-126.25
-102.84%
-62.24
Purchase Of PPE
-289.56
-127.61%
-127.22
-0.69%
-126.35
-99.91%
-63.20
Sale Of PPE
0.00
-100.00%
0.30
+198.00%
0.10
-89.60%
0.96
Capital Expenditure
-289.56
-127.61%
-127.22
-0.69%
-126.35
-99.91%
-63.20
Net Investment Purchase And Sale
-5.43
-95.46%
-2.78
-110.39%
26.71
+144.27%
-60.34
Purchase Of Investment
-5.43
-95.46%
-2.78
+36.91%
-4.40
+92.85%
-61.55
Sale Of Investment
0.00
0.00
-100.00%
31.11
+2464.80%
1.21
Net Business Purchase And Sale
0.00
+100.00%
-6.05
0.00
+100.00%
-16.85
Purchase Of Business
0.00
+100.00%
-6.05
0.00
+100.00%
-26.73
Gain Loss On Sale Of Business
0.00
0.00
-100.00%
0.07
0.00
Net Intangibles Purchase And Sale
248.45
-16.94%
299.13
+8.77%
275.00
Purchase Of Intangibles
0.00
0.00
+100.00%
-285.99
Net Other Investing Changes
333.85
+34.37%
248.45
-17.02%
299.39
+9.58%
273.22
Financing Cash Flow
1,369.00
+62.15%
844.27
+6357.07%
-13.49
-247.40%
-3.88
Cash Flow From Continuing Financing Activities
1,369.00
+62.15%
844.27
+6357.07%
-13.49
-247.40%
-3.88
Net Issuance Payments Of Debt
1,342.01
+153.43%
529.54
+4443.68%
-12.19
-213.88%
-3.88
Issuance Of Debt
1,462.43
+163.87%
554.21
0.00
0.00
Repayment Of Debt
-120.42
-388.01%
-24.68
-102.41%
-12.19
-213.88%
-3.88
Long Term Debt Issuance
1,462.43
+163.87%
554.21
0.00
0.00
Long Term Debt Payments
-120.42
-388.01%
-24.68
-102.41%
-12.19
-213.88%
-3.88
Net Long Term Debt Issuance
1,342.01
+153.43%
529.54
+4443.68%
-12.19
-213.88%
-3.88
Net Common Stock Issuance
286.34
-40.90%
484.49
+6931.80%
6.89
0.00
Common Stock Payments
-65.01
-10436.47%
-0.62
+76.31%
-2.60
0.00
Repurchase Of Capital Stock
-65.01
-10436.47%
-0.62
+76.31%
-2.60
0.00
Proceeds From Stock Option Exercised
53.52
+935.15%
5.17
+1154.85%
0.41
0.00
Net Other Financing Charges
-312.86
-78.85%
-174.93
-1933.15%
-8.60
Changes In Cash
-330.82
-198.78%
334.89
+492.03%
-85.43
+38.15%
-138.13
Effect Of Exchange Rate Changes
3.90
+216.34%
-3.35
-177.80%
-1.21
+53.54%
-2.60
Beginning Cash Position
476.27
+229.08%
144.73
-37.44%
231.36
-37.82%
372.09
End Cash Position
149.35
-68.64%
476.27
+229.08%
144.73
-37.44%
231.36
Free Cash Flow
-2,028.24
-170.69%
-749.29
-88.20%
-398.13
-20.20%
-331.24
Common Stock Issuance
351.35
-27.57%
485.11
+5009.63%
9.49
0.00
Interest Paid CFO
-68.35
-820.58%
-7.42
-55.14%
-4.79
+1.48%
-4.86
Interest Received CFO
7.80
+9.59%
7.12
-6.04%
7.57
+171.30%
2.79
Issuance Of Capital Stock
351.35
-27.57%
485.11
+5009.63%
9.49
0.00
Sale Of Business
0.00
0.00
-100.00%
9.88
Sale Of Intangibles
248.45
-16.94%
299.13
-46.68%
560.99
Taxes Refund Paid
-1.04
+87.88%
-8.60
-192.48%
9.29
+146.45%
-20.01
SEC Filings

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