BitFuFu (NASDAQ:FUFU - Get Free Report)'s stock had its "buy" rating reissued by analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They currently have a $7.00 price objective on the stock. HC Wainwright's price target points to a potential upside of 98.86% from the stock's previous close.
BitFuFu Trading Up 0.3%
NASDAQ:FUFU traded up $0.01 during mid-day trading on Friday, hitting $3.52. 582,127 shares of the company's stock were exchanged, compared to its average volume of 207,584. BitFuFu has a fifty-two week low of $3.00 and a fifty-two week high of $7.39. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $574.14 million, a P/E ratio of 10.06 and a beta of 0.33. The company has a 50 day simple moving average of $3.87 and a 200-day simple moving average of $4.66.
BitFuFu (NASDAQ:FUFU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.14). BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. The business had revenue of $99.82 million for the quarter, compared to analyst estimates of $114.03 million. As a group, research analysts expect that BitFuFu will post 0.17 earnings per share for the current year.
Institutional Trading of BitFuFu
Institutional investors have recently added to or reduced their stakes in the stock. Vident Advisory LLC bought a new position in BitFuFu during the 1st quarter worth approximately $905,000. WINTON GROUP Ltd acquired a new stake in shares of BitFuFu during the fourth quarter worth $83,000. OLD Mission Capital LLC bought a new position in BitFuFu during the fourth quarter worth $67,000. Jane Street Group LLC acquired a new position in BitFuFu in the first quarter valued at $57,000. Finally, Wedbush Securities Inc. acquired a new position in BitFuFu in the first quarter valued at $50,000. 37.26% of the stock is currently owned by institutional investors.
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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