Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) rose 4.5% during mid-day trading on Wednesday . The company traded as high as $4.38 and last traded at $4.62. Approximately 2,492 shares changed hands during trading, a decline of 98% from the average daily volume of 161,480 shares. The stock had previously closed at $4.42.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and set a $7.00 price objective on shares of BitFuFu in a research report on Wednesday, March 26th.
Check Out Our Latest Report on BitFuFu
BitFuFu Trading Down 7.4 %
The company has a 50 day simple moving average of $4.64 and a two-hundred day simple moving average of $4.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09. The company has a market cap of $652.43 million, a PE ratio of 11.43 and a beta of 0.28.
BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.17. The business had revenue of $99.29 million for the quarter, compared to analysts' expectations of $99.29 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. Sell-side analysts forecast that BitFuFu Inc. will post 0.17 EPS for the current year.
Hedge Funds Weigh In On BitFuFu
A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of BitFuFu by 14.0% during the 3rd quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock worth $65,000 after acquiring an additional 1,984 shares in the last quarter. Prospect Financial Group LLC bought a new stake in shares of BitFuFu during the 4th quarter worth $50,000. OLD Mission Capital LLC acquired a new position in BitFuFu during the 4th quarter worth $67,000. WINTON GROUP Ltd bought a new stake in BitFuFu during the fourth quarter valued at about $83,000. Finally, XTX Topco Ltd bought a new position in shares of BitFuFu in the third quarter worth about $107,000. Institutional investors and hedge funds 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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