BitFuFu (NASDAQ:FUFU - Get Free Report)'s stock had its "buy" rating restated by equities researchers at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They presently have a $7.00 price target on the stock. HC Wainwright's price target indicates a potential upside of 20.27% from the stock's current price.
BitFuFu Stock Down 2.8 %
Shares of NASDAQ FUFU traded down $0.17 during midday trading on Monday, reaching $5.82. The company's stock had a trading volume of 204,595 shares, compared to its average volume of 196,919. 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 business's 50 day moving average price is $4.85 and its two-hundred day moving average price is $4.55. BitFuFu has a fifty-two week low of $2.32 and a fifty-two week high of $18.32.
Institutional Investors Weigh In On BitFuFu
A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC increased its stake in shares of BitFuFu by 14.0% in the 3rd 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. XTX Topco Ltd bought a new position in BitFuFu in the third quarter valued at about $107,000. Finally, Wellington Management Group LLP acquired a new position in BitFuFu during the third quarter worth about $110,000. 37.26% of the stock is currently owned by institutional investors and hedge funds.
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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