BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.06 and last traded at $3.16, with a volume of 167979 shares trading hands. The stock had previously closed at $3.24.
Analyst Ratings Changes
Separately, HC Wainwright reissued a "buy" rating and set a $7.00 price target on shares of BitFuFu in a report on Friday, June 6th.
Check Out Our Latest Research Report on FUFU
BitFuFu Trading Down 7.4%
The company has a market cap of $489.32 million, a price-to-earnings ratio of 150.00 and a beta of 0.33. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. The firm's fifty day moving average price is $3.79 and its 200-day moving average price is $4.61.
BitFuFu (NASDAQ:FUFU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.14). BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. The firm had revenue of $99.82 million for the quarter, compared to analyst estimates of $114.03 million. On average, equities analysts expect that BitFuFu Inc. will post 0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On BitFuFu
Several hedge funds and other institutional investors have recently modified their holdings of FUFU. Prospect Financial Group LLC acquired a new stake in BitFuFu in the fourth quarter worth about $50,000. Wedbush Securities Inc. acquired a new stake in BitFuFu in the first quarter worth about $50,000. Jane Street Group LLC acquired a new stake in BitFuFu in the first quarter worth about $57,000. OLD Mission Capital LLC acquired a new stake in BitFuFu in the fourth quarter worth about $67,000. Finally, WINTON GROUP Ltd acquired a new stake in BitFuFu in the fourth quarter worth about $83,000. Institutional investors and hedge funds 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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