BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 287,693 shares traded hands during trading, an increase of 66% from the previous session's volume of 173,830 shares.The stock last traded at $3.45 and had previously closed at $3.49.
Analyst Upgrades and Downgrades
Separately, HC Wainwright restated a "buy" rating and issued a $7.00 price objective on shares of BitFuFu in a report on Wednesday, March 26th.
Check Out Our Latest Stock Analysis on FUFU
BitFuFu Stock Up 1.7 %
The stock has a 50-day moving average price of $4.25 and a 200-day moving average price of $4.85. 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 $587.19 million, a P/E ratio of 10.29 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. 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 the consensus estimate of $99.29 million. On average, research analysts predict that BitFuFu Inc. will post 0.17 EPS for the current fiscal year.
Institutional Trading of BitFuFu
Large investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in shares of 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 period. Prospect Financial Group LLC bought a new position in shares of BitFuFu during the 4th quarter worth approximately $50,000. WINTON GROUP Ltd acquired a new stake in shares of BitFuFu during the 4th quarter worth approximately $83,000. OLD Mission Capital LLC bought a new stake in shares of BitFuFu in the 4th quarter valued at $67,000. Finally, Wedbush Securities Inc. acquired a new position in shares of BitFuFu during the 1st quarter valued at $50,000. 37.26% of the stock is currently owned by institutional investors and hedge funds.
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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