Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) saw an uptick in trading volume on Monday . 287,693 shares changed 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.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reissued a "buy" rating and issued a $7.00 price target on shares of BitFuFu in a report on Wednesday, March 26th.
Check Out Our Latest Stock Analysis on FUFU
BitFuFu Stock Performance
The firm has a market capitalization of $588.82 million, a price-to-earnings ratio of 10.31 and a beta of 0.31. 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 stock has a fifty day moving average price of $4.30 and a 200-day moving average price of $4.86.
BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.14 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $99.29 million. As a group, analysts anticipate that BitFuFu Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BitFuFu
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FUFU. Jane Street Group LLC increased its holdings in BitFuFu by 14.0% during the 3rd quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock worth $65,000 after purchasing an additional 1,984 shares in the last quarter. Prospect Financial Group LLC bought a new stake in shares of BitFuFu during the fourth quarter worth about $50,000. Wedbush Securities Inc. acquired a new position in shares of BitFuFu in the first quarter valued at approximately $50,000. OLD Mission Capital LLC acquired a new stake in BitFuFu during the 4th quarter worth approximately $67,000. Finally, WINTON GROUP Ltd bought a new stake in shares of BitFuFu in the fourth quarter worth $83,000. Institutional investors 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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