Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) saw unusually-high trading volume on Friday . Approximately 309,639 shares were traded during trading, an increase of 49% from the previous session's volume of 207,872 shares.The stock last traded at $4.53 and had previously closed at $3.88.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on FUFU. Northland Securities began coverage on BitFuFu in a research report on Wednesday, June 18th. They issued a "market perform" rating and a $5.50 price target for the company. B. Riley assumed coverage on BitFuFu in a research note on Friday. They set a "buy" rating and a $7.31 price target for the company. Northland Capmk raised BitFuFu to a "hold" rating in a research note on Wednesday, June 18th. Wall Street Zen raised BitFuFu from a "sell" rating to a "hold" rating in a research note on Friday. Finally, HC Wainwright reaffirmed a "buy" rating and set a $7.00 price target on shares of BitFuFu in a research note on Friday, June 6th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, BitFuFu currently has an average rating of "Moderate Buy" and an average target price of $6.60.
Get Our Latest Stock Report on BitFuFu
BitFuFu Trading Up 10.6%
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 50-day simple moving average of $3.51 and a 200 day simple moving average of $4.26. The company has a market capitalization of $699.73 million, a P/E ratio of 214.61 and a beta of 0.30.
BitFuFu (NASDAQ:FUFU - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.14). The firm had revenue of $99.82 million for the quarter, compared to the consensus estimate of $114.03 million. BitFuFu had a net margin of 0.46% and a return on equity of 1.34%. Sell-side analysts expect that BitFuFu Inc. will post 0.17 earnings per share for the current year.
Hedge Funds Weigh In On BitFuFu
Several large investors have recently made changes to their positions in the company. Prospect Financial Group LLC bought a new stake in shares of BitFuFu in the fourth quarter worth about $50,000. OLD Mission Capital LLC bought a new stake in shares of BitFuFu in the fourth quarter worth about $67,000. WINTON GROUP Ltd bought a new stake in shares of BitFuFu in the fourth quarter worth about $83,000. Jane Street Group LLC bought a new stake in shares of BitFuFu in the first quarter worth about $57,000. Finally, Vident Advisory LLC bought a new stake in shares of BitFuFu in the first quarter worth about $905,000. Institutional investors and hedge funds own 37.26% of the company's stock.
BitFuFu Company Profile
(
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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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