Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) were down 3.2% during mid-day trading on Thursday . The stock traded as low as $3.15 and last traded at $3.18. Approximately 107,075 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 210,548 shares. The stock had previously closed at $3.28.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Northland Securities began coverage on shares of BitFuFu in a research report on Wednesday, June 18th. They set a "market perform" rating and a $5.50 price target on the stock. HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of BitFuFu in a research report on Friday, June 6th. Finally, Northland Capmk raised BitFuFu to a "hold" rating in a research note on Wednesday, June 18th.
Get Our Latest Stock Report on FUFU
BitFuFu Stock Down 3.5%
The company has a market cap of $495.85 million, a price-to-earnings ratio of 152.08 and a beta of 0.33. The stock's 50-day moving average is $3.56 and its 200-day moving average is $4.46. 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 (NASDAQ:FUFU - Get Free Report) last posted its quarterly 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 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%. On average, analysts anticipate that BitFuFu Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FUFU. Prospect Financial Group LLC acquired a new stake in BitFuFu in the fourth quarter valued at approximately $50,000. OLD Mission Capital LLC bought a new position in shares of BitFuFu in the 4th quarter worth $67,000. WINTON GROUP Ltd acquired a new stake in BitFuFu in the 4th quarter valued at $83,000. Jane Street Group LLC bought a new stake in BitFuFu during the 1st quarter valued at $57,000. Finally, Vident Advisory LLC acquired a new position in BitFuFu during the first quarter worth $905,000. 37.26% of the stock is 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.
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