FY2025 EPS Estimates for BitFuFu Decreased by Diamond Equity

BitFuFu Inc. (NASDAQ:FUFU - Free Report) - Stock analysts at Diamond Equity reduced their FY2025 earnings estimates for BitFuFu in a research report issued on Tuesday, June 10th. Diamond Equity analyst H. Diamond now forecasts that the company will post earnings per share of $0.10 for the year, down from their previous forecast of $0.27. The consensus estimate for BitFuFu's current full-year earnings is $0.17 per share.

BitFuFu (NASDAQ:FUFU - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.14). BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. The company had revenue of $99.82 million during the quarter, compared to analysts' expectations of $114.03 million.

Separately, HC Wainwright reissued a "buy" rating and set a $7.00 price target on shares of BitFuFu in a report on Friday, June 6th.

BitFuFu Stock Performance

FUFU traded up $0.07 during mid-day trading on Friday, reaching $3.07. 243,457 shares of the company traded hands, compared to its average volume of 218,616. BitFuFu has a 52-week low of $2.93 and a 52-week high of $7.39. The company's fifty day moving average price is $3.79 and its 200-day moving average price is $4.61. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $500.74 million, a P/E ratio of 153.50 and a beta of 0.33.

Institutional Trading of BitFuFu

Hedge funds have recently modified their holdings of the company. Prospect Financial Group LLC bought a new position in BitFuFu during the 4th quarter valued at about $50,000. WINTON GROUP Ltd purchased a new position in BitFuFu during the 4th quarter valued at about $83,000. OLD Mission Capital LLC bought a new stake in shares of BitFuFu in the 4th quarter valued at about $67,000. Wedbush Securities Inc. bought a new stake in shares of BitFuFu in the 1st quarter valued at about $50,000. Finally, Vident Advisory LLC purchased a new stake in BitFuFu during the first quarter worth $905,000. 37.26% of the stock is owned by hedge funds and other institutional investors.

BitFuFu Company Profile

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.