BitFuFu (NASDAQ:FUFU - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.14), Zacks reports. The company had revenue of $99.82 million for the quarter, compared to analysts' expectations of $114.03 million. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%.
BitFuFu Stock Up 0.1%
BitFuFu stock traded up $0.01 during trading on Friday, reaching $3.52. The stock had a trading volume of 344,752 shares, compared to its average volume of 206,061. BitFuFu has a 52-week low of $3.00 and a 52-week high of $7.39. The business has a 50 day moving average price of $3.89 and a 200 day moving average price of $4.68. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88. The stock has a market cap of $573.32 million, a PE ratio of 10.04 and a beta of 0.33.
Institutional Investors Weigh In On BitFuFu
An institutional investor recently bought a new position in BitFuFu stock. Jane Street Group LLC purchased a new position in shares of BitFuFu Inc. (NASDAQ:FUFU - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,551 shares of the company's stock, valued at approximately $57,000. 37.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, HC Wainwright reissued a "buy" rating and set a $7.00 target price on shares of BitFuFu in a research note on Friday.
Read Our Latest Analysis on FUFU
BitFuFu Company Profile
(
Get Free Report)
BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
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