BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s share price traded down 4.9% during mid-day trading on Tuesday . The stock traded as low as $5.58 and last traded at $5.67. 41,297 shares changed hands during trading, a decline of 77% from the average session volume of 176,089 shares. The stock had previously closed at $5.96.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a "buy" rating and issued a $7.00 target price on shares of BitFuFu in a research note on Monday, December 9th.
Check Out Our Latest Stock Analysis on BitFuFu
BitFuFu Stock Performance
The company's 50-day simple moving average is $5.27 and its 200 day simple moving average is $4.81. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88.
Hedge Funds Weigh In On BitFuFu
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in shares of 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 acquiring an additional 1,984 shares during the last quarter. XTX Topco Ltd acquired a new stake in BitFuFu in the 3rd quarter worth $107,000. Finally, Wellington Management Group LLP bought a new position in shares of BitFuFu during the 3rd quarter worth about $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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