BitFuFu (NASDAQ:FUFU - Get Free Report) was upgraded by investment analysts at Northland Capmk to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.
A number of other research firms have also recently weighed in on FUFU. Northland Securities initiated coverage on BitFuFu in a report on Wednesday. They issued a "market perform" rating and a $5.50 price target for the company. HC Wainwright reissued a "buy" rating and set a $7.00 target price on shares of BitFuFu in a research report on Friday, June 6th.
Check Out Our Latest Report on BitFuFu
BitFuFu Stock Down 0.9%
Shares of NASDAQ FUFU opened at $3.18 on Wednesday. The stock has a fifty day moving average price of $3.70 and a 200 day moving average price of $4.55. The company has a current ratio of 3.03, a quick ratio of 3.02 and a debt-to-equity ratio of 0.94. BitFuFu has a 12-month low of $2.91 and a 12-month high of $7.39. The company has a market cap of $518.69 million, a P/E ratio of 159.08 and a beta of 0.33.
BitFuFu (NASDAQ:FUFU - Get Free Report) last issued 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). BitFuFu had a return on equity of 1.34% and a net margin of 0.46%. The company had revenue of $99.82 million during the quarter, compared to analysts' expectations of $114.03 million. Research analysts anticipate that BitFuFu will post 0.17 EPS for the current fiscal year.
Institutional Trading of BitFuFu
Several large investors have recently modified their holdings of FUFU. Vident Advisory LLC acquired a new position in shares of BitFuFu in the first quarter worth about $905,000. WINTON GROUP Ltd purchased a new stake in BitFuFu during the 4th quarter worth approximately $83,000. OLD Mission Capital LLC purchased a new stake in BitFuFu during the 4th quarter worth approximately $67,000. Jane Street Group LLC acquired a new position in shares of BitFuFu in the 1st quarter valued at approximately $57,000. Finally, Wedbush Securities Inc. purchased a new position in shares of BitFuFu during the 1st quarter valued at approximately $50,000. 37.26% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
