Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shot up 7.7% on Monday . The company traded as high as $3.88 and last traded at $3.99. 48,170 shares were traded during trading, a decline of 77% from the average session volume of 208,673 shares. The stock had previously closed at $3.70.
Analyst Ratings Changes
A number of research firms have recently weighed in on FUFU. HC Wainwright reaffirmed a "buy" rating and set a $7.00 price objective on shares of BitFuFu in a research report on Friday, June 6th. Northland Capmk raised BitFuFu to a "hold" rating in a research report on Wednesday, June 18th. Northland Securities began coverage on BitFuFu in a report on Wednesday, June 18th. They issued a "market perform" rating and a $5.50 price target on the stock. Finally, Wall Street Zen cut BitFuFu from a "hold" rating to a "sell" rating in a report on Friday, June 27th.
Read Our Latest Analysis on BitFuFu
BitFuFu Trading Up 5.4%
The company has a current ratio of 3.03, a quick ratio of 3.02 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $3.49 and a 200-day simple moving average of $4.28. The firm has a market cap of $632.87 million, a P/E ratio of 194.10 and a beta of 0.30.
BitFuFu (NASDAQ:FUFU - Get Free Report) last released its earnings results 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). The company had revenue of $99.82 million for the quarter, compared to the consensus estimate of $114.03 million. BitFuFu had a net margin of 0.46% and a return on equity of 1.34%. On average, equities research analysts expect that BitFuFu Inc. will post 0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On BitFuFu
Hedge funds have recently bought and sold shares of the business. Prospect Financial Group LLC bought a new position in BitFuFu in the 4th quarter valued at $50,000. OLD Mission Capital LLC bought a new position in BitFuFu in the 4th quarter valued at $67,000. WINTON GROUP Ltd bought a new position in BitFuFu in the 4th quarter valued at $83,000. Jane Street Group LLC bought a new position in BitFuFu in the 1st quarter valued at $57,000. Finally, Vident Advisory LLC bought a new position in BitFuFu in the 1st quarter valued at $905,000. 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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