BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shares fell 4.8% on Wednesday . The stock traded as low as $3.52 and last traded at $3.49. 109,715 shares traded hands during trading, a decline of 42% from the average session volume of 190,266 shares. The stock had previously closed at $3.66.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and issued a $7.00 target price on shares of BitFuFu in a research note on Monday, May 12th.
Get Our Latest Report on FUFU
BitFuFu Price Performance
The firm has a 50 day moving average price of $4.00 and a two-hundred day moving average price of $4.72. The company has a market cap of $574.95 million, a P/E ratio of 10.07 and a beta of 0.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09.
BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.17. The firm had revenue of $99.29 million during the quarter, compared to the consensus estimate of $99.29 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. On average, analysts predict that BitFuFu Inc. will post 0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On BitFuFu
A number of large investors have recently made changes to their positions in the stock. Prospect Financial Group LLC purchased a new stake in BitFuFu in the 4th quarter worth approximately $50,000. OLD Mission Capital LLC bought a new position in BitFuFu during the 4th quarter worth approximately $67,000. WINTON GROUP Ltd purchased a new stake in BitFuFu during the 4th quarter valued at $83,000. Jane Street Group LLC purchased a new position in BitFuFu during the 1st quarter valued at about $57,000. Finally, Vident Advisory LLC bought a new position in BitFuFu in the 1st quarter worth $905,000. 37.26% of the stock is 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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