Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) rose 4.5% during mid-day trading on Wednesday . The company traded as high as $4.38 and last traded at $4.62. Approximately 2,492 shares changed hands during trading, a decline of 98% from the average daily volume of 161,480 shares. The stock had previously closed at $4.42.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and set a $7.00 price objective on shares of BitFuFu in a research report on Wednesday, March 26th.
Check Out Our Latest Report on BitFuFu
BitFuFu Trading Down 7.4 %
The company has a 50 day simple moving average of $4.64 and a two-hundred day simple moving average of $4.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09. The company has a market cap of $652.43 million, a PE ratio of 11.43 and a beta of 0.28.
BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.17. The business had revenue of $99.29 million for the quarter, compared to analysts' expectations of $99.29 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. Sell-side analysts forecast that BitFuFu Inc. will post 0.17 EPS for the current year.
Hedge Funds Weigh In On BitFuFu
A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of 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 acquiring an additional 1,984 shares in the last quarter. Prospect Financial Group LLC bought a new stake in shares of BitFuFu during the 4th quarter worth $50,000. OLD Mission Capital LLC acquired a new position in BitFuFu during the 4th quarter worth $67,000. WINTON GROUP Ltd bought a new stake in BitFuFu during the fourth quarter valued at about $83,000. Finally, XTX Topco Ltd bought a new position in shares of BitFuFu in the third quarter worth about $107,000. Institutional investors and hedge funds own 37.26% of the company's stock.
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.
Read More
Before you consider BitFuFu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BitFuFu wasn't on the list.
While BitFuFu currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
