BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $5.50, but opened at $5.24. BitFuFu shares last traded at $5.63, with a volume of 56,577 shares traded.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reissued a "buy" rating and issued a $7.00 price objective on shares of BitFuFu in a research note on Wednesday.
Check Out Our Latest Stock Report on FUFU
BitFuFu Trading Down 4.9 %
The company has a market capitalization of $763.34 million, a P/E ratio of 13.37 and a beta of 0.24. The firm has a fifty day moving average price of $4.90 and a 200-day moving average price of $4.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09.
BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.17. The business had revenue of $99.29 million during the quarter, compared to the consensus estimate of $99.29 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. On average, equities research analysts anticipate that BitFuFu Inc. will post 0.17 earnings per share for the current year.
Hedge Funds Weigh In On BitFuFu
Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in shares of BitFuFu during the 3rd quarter valued at $110,000. XTX Topco Ltd purchased a new stake in BitFuFu during the third quarter valued at about $107,000. WINTON GROUP Ltd bought a new position in BitFuFu during the fourth quarter worth about $83,000. OLD Mission Capital LLC purchased a new position in shares of BitFuFu in the fourth quarter worth about $67,000. Finally, Prospect Financial Group LLC bought a new stake in BitFuFu during the 4th quarter valued at $50,000. 37.26% of the stock is owned by institutional investors.
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.
Featured Articles
Before you consider BitFuFu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BitFuFu wasn't on the list.
While BitFuFu currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
