BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s share price rose 7.7% during trading on Monday . The company traded as high as $3.88 and last traded at $3.99. Approximately 48,170 shares were traded during trading, a decline of 77% from the average daily volume of 208,673 shares. The stock had previously closed at $3.70.
Analyst Ratings Changes
FUFU has been the subject of a number of research analyst reports. Wall Street Zen cut BitFuFu from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. HC Wainwright reissued a "buy" rating and issued a $7.00 target price on shares of BitFuFu in a research note on Friday, June 6th. Northland Securities initiated coverage on 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, Northland Capmk raised BitFuFu to a "hold" rating in a research note on Wednesday, June 18th.
Get Our Latest Report on BitFuFu
BitFuFu Trading Up 1.9%
The stock has a market capitalization of $614.92 million, a price-to-earnings ratio of 188.59 and a beta of 0.30. The business has a 50 day simple moving average of $3.48 and a 200-day simple moving average of $4.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.03 and a quick ratio of 3.02.
BitFuFu (NASDAQ:FUFU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.10) EPS 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 the consensus estimate of $114.03 million. BitFuFu had a net margin of 0.46% and a return on equity of 1.34%. As a group, equities analysts expect that BitFuFu Inc. will post 0.17 earnings per share for the current year.
Institutional Trading of BitFuFu
Institutional investors have recently modified their holdings of the company. Prospect Financial Group LLC bought a new stake in shares of BitFuFu in the fourth quarter valued at about $50,000. Wedbush Securities Inc. acquired a new position in BitFuFu during the first quarter valued at approximately $50,000. Jane Street Group LLC acquired a new position in BitFuFu during the first quarter valued at approximately $57,000. OLD Mission Capital LLC acquired a new position in BitFuFu during the fourth quarter valued at approximately $67,000. Finally, WINTON GROUP Ltd acquired a new position in BitFuFu during the fourth quarter valued at approximately $83,000. 37.26% of the stock is currently owned by institutional investors.
About BitFuFu
(
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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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