BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.54, but opened at $3.72. BitFuFu shares last traded at $3.77, with a volume of 92,272 shares traded.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a "buy" rating and issued a $7.00 price objective on shares of BitFuFu in a research report on Monday, May 12th.
Get Our Latest Analysis on FUFU
BitFuFu Stock Performance
The business's 50-day simple moving average is $3.91 and its two-hundred day simple moving average is $4.69. The firm has a market cap of $572.51 million, a price-to-earnings ratio of 10.03 and a beta of 0.33. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88.
BitFuFu (NASDAQ:FUFU - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.14). The firm had revenue of $99.82 million during the quarter, compared to analyst estimates of $114.03 million. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. As a group, sell-side analysts expect that BitFuFu Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Trading of BitFuFu
A number of institutional investors and hedge funds have recently modified their holdings of FUFU. Prospect Financial Group LLC purchased a new stake in shares of BitFuFu during the fourth quarter worth about $50,000. Wedbush Securities Inc. purchased a new stake in shares of BitFuFu during the first quarter worth about $50,000. Jane Street Group LLC purchased a new stake in shares of BitFuFu during the first quarter worth about $57,000. OLD Mission Capital LLC purchased a new stake in shares of BitFuFu during the fourth quarter worth about $67,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of BitFuFu during the fourth quarter worth about $83,000. Hedge funds and other 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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