BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $5.40, but opened at $5.29. BitFuFu shares last traded at $5.32, with a volume of 12,134 shares changing hands.
Analysts Set New Price Targets
Separately, HC Wainwright reissued a "buy" rating and set a $7.00 price target on shares of BitFuFu in a research report on Monday, December 9th.
Get Our Latest Research Report on FUFU
BitFuFu Stock Performance
The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average price of $5.19 and a 200-day moving average price of $4.72.
Hedge Funds Weigh In On BitFuFu
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in shares of BitFuFu by 14.0% during the third 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 stake in BitFuFu in the 3rd quarter worth approximately $107,000. Finally, Wellington Management Group LLP bought a new stake in BitFuFu in the 3rd quarter worth approximately $110,000. 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.
Further Reading
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