Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) dropped 4.4% on Thursday . The company traded as low as $5.33 and last traded at $5.27. Approximately 21,636 shares were traded during trading, a decline of 86% from the average daily volume of 159,852 shares. The stock had previously closed at $5.51.
Analyst Ratings Changes
Separately, HC Wainwright reissued a "buy" rating and issued a $7.00 target price on shares of BitFuFu in a report on Wednesday, March 26th.
Get Our Latest Report on BitFuFu
BitFuFu Stock Down 2.1 %
The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. The company has a market capitalization of $747.03 million, a price-to-earnings ratio of 13.09 and a beta of 0.24. The firm's 50-day simple moving average is $4.90 and its two-hundred day simple moving average is $4.92.
BitFuFu (NASDAQ:FUFU - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.17. The business had revenue of $99.29 million during the quarter, compared to analysts' expectations of $99.29 million. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. Sell-side analysts predict that BitFuFu Inc. will post 0.17 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in shares of BitFuFu in the fourth quarter valued at approximately $67,000. WINTON GROUP Ltd acquired a new position in shares of BitFuFu in the 4th quarter valued at $83,000. Prospect Financial Group LLC acquired a new stake in shares of BitFuFu during the 4th quarter worth $50,000. XTX Topco Ltd purchased a new position in shares of BitFuFu in the 3rd quarter worth $107,000. Finally, Jane Street Group LLC grew its position in BitFuFu by 14.0% during the third quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock valued at $65,000 after acquiring an additional 1,984 shares during the period. 37.26% of the stock is currently owned by hedge funds and other institutional investors.
BitFuFu Company Profile
(
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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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