Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 230,961 shares traded hands during mid-day trading, an increase of 23% from the previous session's volume of 187,535 shares.The stock last traded at $3.65 and had previously closed at $3.68.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and issued a $7.00 target price on shares of BitFuFu in a report on Monday, May 12th.
View Our Latest Stock Analysis on BitFuFu
BitFuFu Trading Up 0.3%
The firm's 50-day moving average is $4.00 and its 200 day moving average is $4.73. 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 $570.87 million, a price-to-earnings ratio of 10.00 and a beta of 0.31.
BitFuFu (NASDAQ:FUFU - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.17. The firm had revenue of $99.29 million for the quarter, compared to the consensus estimate of $99.29 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. On average, equities analysts predict that BitFuFu Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prospect Financial Group LLC acquired a new position in shares of BitFuFu during the 4th quarter valued at $50,000. Wedbush Securities Inc. bought a new position in BitFuFu during the first quarter valued at about $50,000. Jane Street Group LLC purchased a new stake in BitFuFu during the first quarter valued at about $57,000. OLD Mission Capital LLC purchased a new stake in BitFuFu during the fourth quarter valued at about $67,000. Finally, WINTON GROUP Ltd purchased a new stake in BitFuFu during the fourth quarter valued at 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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