BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $4.84, but opened at $5.02. BitFuFu shares last traded at $4.93, with a volume of 39,060 shares trading hands.
Analyst Upgrades and Downgrades
Separately, HC Wainwright restated a "buy" rating and issued a $7.00 price target on shares of BitFuFu in a research report on Monday, December 9th.
Check Out Our Latest Stock Report on FUFU
BitFuFu Price 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 company has a 50-day moving average price of $5.12 and a 200-day moving average price of $4.68.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in BitFuFu by 14.0% in 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 period. XTX Topco Ltd bought a new stake in shares of BitFuFu in the 3rd quarter valued at $107,000. Finally, Wellington Management Group LLP bought a new stake in shares of BitFuFu in the 3rd quarter valued at $110,000. Institutional investors and hedge funds 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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