BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.17, but opened at $5.60. BitFuFu shares last traded at $5.49, with a volume of 71,452 shares trading hands.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $7.00 price target on shares of BitFuFu in a report on Monday, December 9th.
Get Our Latest Research Report on FUFU
BitFuFu Stock Performance
The business has a 50-day moving average price of $5.02 and a 200-day moving average price of $4.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09.
Hedge Funds Weigh In On BitFuFu
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new stake in shares of BitFuFu during the third quarter worth about $110,000. Jane Street Group LLC boosted its holdings in BitFuFu by 14.0% in the 3rd quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock worth $65,000 after buying an additional 1,984 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in BitFuFu during the 3rd quarter worth approximately $107,000. 37.26% of the stock is owned by hedge funds and other institutional investors.
About BitFuFu
(
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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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