Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) traded down 5.7% during trading on Wednesday . The stock traded as low as $3.33 and last traded at $3.33. 77,296 shares were traded during mid-day trading, a decline of 63% from the average session volume of 210,627 shares. The stock had previously closed at $3.53.
Analysts Set New Price Targets
Separately, HC Wainwright restated a "buy" rating and issued a $7.00 target price on shares of BitFuFu in a research report on Friday, June 6th.
Get Our Latest Stock Report on BitFuFu
BitFuFu Trading Up 2.3%
The firm's 50-day simple moving average is $3.77 and its 200 day simple moving average is $4.60. 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 firm has a market capitalization of $500.74 million, a price-to-earnings ratio of 153.50 and a beta of 0.33.
BitFuFu (NASDAQ:FUFU - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.14). BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. The business had revenue of $99.82 million during the quarter, compared to analyst estimates of $114.03 million. Equities analysts expect that BitFuFu Inc. will post 0.17 earnings per share for the current year.
Institutional Investors Weigh In On BitFuFu
Several hedge funds and other institutional investors have recently made changes to their positions in FUFU. Prospect Financial Group LLC acquired a new stake in BitFuFu in the fourth quarter valued at approximately $50,000. OLD Mission Capital LLC acquired a new position in BitFuFu in the 4th quarter worth about $67,000. WINTON GROUP Ltd bought a new position in BitFuFu in the fourth quarter valued at about $83,000. Jane Street Group LLC acquired a new stake in shares of BitFuFu during the first quarter valued at about $57,000. Finally, Vident Advisory LLC acquired a new stake in shares of BitFuFu during the first quarter valued at about $905,000. 37.26% of the stock is owned by institutional investors.
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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