BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $4.68, but opened at $5.10. BitFuFu shares last traded at $5.11, with a volume of 105,575 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright assumed coverage on shares of BitFuFu in a research note on Wednesday, November 6th. They issued a "buy" rating and a $7.00 target price for the company.
View Our Latest Stock Analysis on FUFU
BitFuFu Price Performance
The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 3.40. The company's 50 day moving average is $4.47 and its two-hundred day moving average is $4.24.
BitFuFu (NASDAQ:FUFU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.01 EPS for the quarter. The firm had revenue of $129.42 million during the quarter. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. As a group, sell-side analysts anticipate that BitFuFu Inc. will post 0.09 earnings per share for the current year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC purchased a new position in shares of BitFuFu Inc. (NASDAQ:FUFU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,500 shares of the company's stock, valued at approximately $82,000. MMCAP International Inc. SPC owned 0.38% of BitFuFu as of its most recent SEC filing. 37.26% of the stock is owned by institutional investors.
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.
Further Reading
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