BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $3.63, but opened at $3.79. BitFuFu shares last traded at $3.68, with a volume of 18,994 shares trading hands.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. HC Wainwright reiterated a "buy" rating and set a $7.00 price target on shares of BitFuFu in a research note on Friday, June 6th. Northland Capmk raised shares of BitFuFu to a "hold" rating in a report on Wednesday, June 18th. Northland Securities assumed coverage on shares of BitFuFu in a research note on Wednesday, June 18th. They issued a "market perform" rating and a $5.50 target price for the company. Finally, Wall Street Zen cut shares of BitFuFu from a "hold" rating to a "sell" rating in a research note on Friday, June 27th.
Check Out Our Latest Stock Analysis on FUFU
BitFuFu Stock Performance
The company has a quick ratio of 3.02, a current ratio of 3.03 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $632.87 million, a PE ratio of 194.10 and a beta of 0.30. The company has a 50-day moving average price of $3.49 and a two-hundred day moving average price of $4.28.
BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its earnings results 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). BitFuFu had a net margin of 0.46% and a return on equity of 1.34%. The company had revenue of $99.82 million for the quarter, compared to analysts' expectations of $114.03 million. Analysts predict that BitFuFu Inc. will post 0.17 EPS for the current fiscal year.
Institutional Trading of BitFuFu
Hedge funds and other institutional investors have recently bought and sold shares of the company. Prospect Financial Group LLC bought a new position in BitFuFu in the 4th quarter valued at $50,000. Wedbush Securities Inc. purchased a new stake in shares of BitFuFu in the first quarter worth $50,000. Jane Street Group LLC bought a new stake in BitFuFu during the first quarter valued at $57,000. OLD Mission Capital LLC purchased a new position in BitFuFu during the fourth quarter worth about $67,000. Finally, WINTON GROUP Ltd bought a new position in BitFuFu in the 4th quarter worth about $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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