BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) fell 3.7% on Wednesday . The company traded as low as $3.97 and last traded at $4.04. 11,192 shares were traded during trading, a decline of 95% from the average session volume of 205,765 shares. The stock had previously closed at $4.19.
Analysts Set New Price Targets
A number of research firms have recently weighed in on FUFU. B. Riley began coverage on BitFuFu in a report on Friday, July 18th. They set a "buy" rating and a $7.31 price target for the company. HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of BitFuFu in a report on Friday, June 6th. Northland Capmk upgraded BitFuFu to a "hold" rating in a report on Wednesday, June 18th. Wall Street Zen upgraded BitFuFu from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Northland Securities started coverage on BitFuFu in a report on Wednesday, June 18th. They set a "market perform" rating and a $5.50 target price for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, BitFuFu currently has a consensus rating of "Hold" and a consensus price target of $6.60.
View Our Latest Stock Analysis on BitFuFu
BitFuFu Stock Down 4.7%
The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.02 and a current ratio of 3.03. The company has a market cap of $627.05 million, a price-to-earnings ratio of 191.10 and a beta of 0.30. The business has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $4.22.
BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.14). The company had revenue of $99.82 million during the quarter, compared to analyst estimates of $114.03 million. BitFuFu had a net margin of 0.46% and a return on equity of 1.34%. On average, equities analysts anticipate that BitFuFu Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BitFuFu
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of BitFuFu during the 1st quarter worth about $57,000. Vident Advisory LLC acquired a new stake in shares of BitFuFu during the 1st quarter worth about $905,000. Wedbush Securities Inc. acquired a new stake in shares of BitFuFu during the 1st quarter worth about $50,000. OLD Mission Capital LLC acquired a new stake in shares of BitFuFu during the 4th quarter worth about $67,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of BitFuFu during the 4th quarter worth about $83,000. Institutional investors and hedge funds 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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