B. Riley upgraded shares of BitFuFu (NASDAQ:FUFU - Free Report) to a strong-buy rating in a report issued on Thursday morning, Marketbeat Ratings reports.
Other analysts have also recently issued research reports about the company. Northland Capmk raised BitFuFu to a "hold" rating in a research report on Wednesday, June 18th. Wall Street Zen raised BitFuFu from a "sell" rating to a "hold" rating in a research report on Friday. HC Wainwright reaffirmed a "buy" rating and set a $7.00 price target on shares of BitFuFu in a research report on Friday, June 6th. Finally, Northland Securities assumed coverage on BitFuFu in a research report on Wednesday, June 18th. They set a "market perform" rating and a $5.50 price target for the company. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.60.
Check Out Our Latest Stock Report on FUFU
BitFuFu Trading Up 10.6%
Shares of NASDAQ FUFU traded up $0.41 during midday trading on Thursday, hitting $4.29. The company's stock had a trading volume of 568,460 shares, compared to its average volume of 207,510. The company has a current ratio of 3.03, a quick ratio of 3.02 and a debt-to-equity ratio of 0.94. The firm has a market cap of $699.73 million, a P/E ratio of 214.61 and a beta of 0.30. BitFuFu has a 12-month low of $2.91 and a 12-month high of $6.33. The business's 50 day moving average is $3.51 and its two-hundred day moving average is $4.26.
BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.14). The business had revenue of $99.82 million during the quarter, compared to analyst estimates of $114.03 million. BitFuFu had a return on equity of 1.34% and a net margin of 0.46%. As a group, equities research analysts expect that BitFuFu will post 0.17 EPS for the current year.
Hedge Funds Weigh In On BitFuFu
Institutional investors have recently modified their holdings of the stock. Prospect Financial Group LLC purchased a new position in shares of BitFuFu in the 4th quarter valued at about $50,000. Wedbush Securities Inc. purchased a new position in shares of BitFuFu in the 1st quarter valued at about $50,000. Jane Street Group LLC purchased a new position in shares of BitFuFu in the 1st quarter valued at about $57,000. OLD Mission Capital LLC purchased a new position in shares of BitFuFu in the 4th quarter valued at about $67,000. Finally, WINTON GROUP Ltd purchased a new position in shares of BitFuFu in the 4th quarter valued at about $83,000. Hedge funds and other institutional investors own 37.26% of the company's stock.
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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