BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $5.60, but opened at $5.46. BitFuFu shares last traded at $5.54, with a volume of 25,982 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and set a $7.00 price target on shares of BitFuFu in a research note on Monday, December 9th.
Read Our Latest Report on BitFuFu
BitFuFu Stock Up 1.4 %
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's 50-day moving average is $5.24 and its 200 day moving average is $4.78.
Hedge Funds Weigh In On BitFuFu
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake 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 worth $65,000 after purchasing an additional 1,984 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of BitFuFu in the 3rd quarter worth $107,000. Finally, Wellington Management Group LLP acquired a new position in shares of BitFuFu during the third quarter worth about $110,000. Hedge funds and other institutional investors own 37.26% of the company's stock.
BitFuFu Company Profile
(
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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