Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 163,058 shares traded hands during trading, a decline of 2% from the previous session's volume of 166,565 shares.The stock last traded at $3.77 and had previously closed at $3.90.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and issued a $7.00 price target on shares of BitFuFu in a report on Wednesday, March 26th.
Read Our Latest Report on FUFU
BitFuFu Stock Up 6.7 %
The stock's fifty day simple moving average is $4.40 and its two-hundred day simple moving average is $4.89. 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 company has a market capitalization of $569.24 million, a price-to-earnings ratio of 9.97 and a beta of 0.28.
BitFuFu (NASDAQ:FUFU - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.17. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. The firm had revenue of $99.29 million for the quarter, compared to analyst estimates of $99.29 million. On average, sell-side analysts predict that BitFuFu Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prospect Financial Group LLC bought a new stake in BitFuFu in the fourth quarter valued at $50,000. OLD Mission Capital LLC bought a new stake in BitFuFu in the 4th quarter valued at about $67,000. Jane Street Group LLC lifted its position in BitFuFu by 14.0% in the 3rd quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock valued at $65,000 after purchasing an additional 1,984 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in BitFuFu during the 4th quarter valued at about $83,000. Institutional investors and hedge funds own 37.26% of the company's stock.
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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