HC Wainwright reaffirmed their buy rating on shares of BitFuFu (NASDAQ:FUFU - Free Report) in a research report released on Friday,Benzinga reports. The brokerage currently has a $7.00 price objective on the stock.
BitFuFu Trading Down 5.1 %
Shares of NASDAQ FUFU traded down $0.26 during midday trading on Friday, reaching $4.88. The company's stock had a trading volume of 212,218 shares, compared to its average volume of 158,670. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a 50 day moving average price of $5.16 and a 200-day moving average price of $4.89. BitFuFu has a 12-month low of $2.32 and a 12-month high of $18.32.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of FUFU. Wellington Management Group LLP bought a new stake in shares of BitFuFu in the 3rd quarter worth approximately $110,000. Jane Street Group LLC grew its stake in 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 buying an additional 1,984 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of BitFuFu in the third quarter valued at $107,000. Prospect Financial Group LLC purchased a new stake in BitFuFu during the 4th quarter worth about $50,000. Finally, WINTON GROUP Ltd bought a new stake in shares of BitFuFu during the fourth quarter valued at about $83,000. Institutional investors own 37.26% of the company's stock.
BitFuFu Company Profile
(
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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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