BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s stock price traded down 3.1% during mid-day trading on Wednesday . The stock traded as low as $4.38 and last traded at $4.39. 8,100 shares traded hands during trading, a decline of 95% from the average session volume of 160,830 shares. The stock had previously closed at $4.53.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and set a $7.00 target price on shares of BitFuFu in a research note on Wednesday, March 26th.
Read Our Latest Report on FUFU
BitFuFu Stock Performance
The firm has a market capitalization of $706.25 million, a P/E ratio of 12.37 and a beta of 0.28. 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 $4.81 and a two-hundred day moving average price of $4.91.
BitFuFu (NASDAQ:FUFU - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.17. The company had revenue of $99.29 million during the quarter, compared to analyst estimates of $99.29 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. On average, analysts forecast that BitFuFu Inc. will post 0.17 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FUFU. Wellington Management Group LLP purchased a new stake in shares of BitFuFu in the 3rd quarter worth $110,000. XTX Topco Ltd purchased a new stake in BitFuFu in the third quarter worth about $107,000. WINTON GROUP Ltd bought a new position in BitFuFu during the 4th quarter worth about $83,000. Jane Street Group LLC increased its position in BitFuFu by 14.0% during 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 period. Finally, OLD Mission Capital LLC purchased a new position in BitFuFu during the 4th quarter valued at about $67,000. Institutional investors own 37.26% of the company's stock.
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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