BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shares fell 5.4% on Friday . The company traded as low as $4.06 and last traded at $3.97. 2,164 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 165,380 shares. The stock had previously closed at $4.20.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "buy" rating and set a $7.00 target price on shares of BitFuFu in a research report on Wednesday, March 26th.
Check Out Our Latest Stock Analysis on BitFuFu
BitFuFu Price Performance
The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09. The stock has a market capitalization of $539.88 million, a PE ratio of 9.46 and a beta of 0.28. The company's fifty day simple moving average is $4.50 and its two-hundred day simple moving average is $4.92.
BitFuFu (NASDAQ:FUFU - Get Free Report) last released its quarterly 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 company had revenue of $99.29 million during the quarter, compared to the consensus estimate of $99.29 million. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. As a group, sell-side analysts predict that BitFuFu Inc. will post 0.17 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of FUFU. Jane Street Group LLC increased its stake in BitFuFu by 14.0% in the third quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock valued at $65,000 after purchasing an additional 1,984 shares during the last quarter. Prospect Financial Group LLC purchased a new position in shares of BitFuFu during the 4th quarter worth about $50,000. WINTON GROUP Ltd acquired a new stake in shares of BitFuFu in the fourth quarter worth approximately $83,000. Finally, OLD Mission Capital LLC purchased a new stake in BitFuFu in the fourth quarter valued at approximately $67,000. 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.
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