Wall Street Zen cut shares of BitFuFu (NASDAQ:FUFU - Free Report) from a hold rating to a sell rating in a research note released on Friday.
Several other equities research analysts have also recently weighed in on FUFU. Northland Securities initiated coverage on shares of BitFuFu in a research report on Wednesday, June 18th. They issued a "market perform" rating and a $5.50 price target for the company. HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of BitFuFu in a report on Friday, June 6th. Finally, Northland Capmk raised BitFuFu to a "hold" rating in a research report on Wednesday, June 18th.
Check Out Our Latest Analysis on BitFuFu
BitFuFu Stock Down 2.5%
NASDAQ FUFU traded down $0.08 on Friday, reaching $3.07. 104,955 shares of the stock traded hands, compared to its average volume of 209,014. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.02 and a current ratio of 3.03. The company has a fifty day moving average price of $3.53 and a 200-day moving average price of $4.44. The company has a market cap of $500.75 million, a price-to-earnings ratio of 153.58 and a beta of 0.33. BitFuFu has a 12 month low of $2.91 and a 12 month high of $6.33.
BitFuFu (NASDAQ:FUFU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.14). BitFuFu had a net margin of 0.46% and a return on equity of 1.34%. The firm had revenue of $99.82 million for the quarter, compared to analysts' expectations of $114.03 million. As a group, research analysts forecast that BitFuFu will post 0.17 EPS for the current fiscal year.
Institutional Investors Weigh In On BitFuFu
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vident Advisory LLC purchased a new stake in BitFuFu in the first quarter valued at about $905,000. WINTON GROUP Ltd acquired a new position in shares of BitFuFu during the fourth quarter valued at about $83,000. OLD Mission Capital LLC purchased a new position in shares of BitFuFu in the 4th quarter valued at approximately $67,000. Jane Street Group LLC acquired a new stake in BitFuFu in the 1st quarter worth approximately $57,000. Finally, Wedbush Securities Inc. purchased a new stake in BitFuFu during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 37.26% of the company's stock.
About BitFuFu
(
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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