BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s stock price rose 4.5% on Friday . The company traded as high as $4.30 and last traded at $4.37. Approximately 10,187 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 161,387 shares. The stock had previously closed at $4.18.
Analysts Set New Price Targets
Separately, HC Wainwright restated a "buy" rating and set a $7.00 price objective on shares of BitFuFu in a report on Wednesday, March 26th.
Read Our Latest Analysis on FUFU
BitFuFu Stock Performance
The firm has a market cap of $701.36 million, a P/E ratio of 12.29 and a beta of 0.28. 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 stock's 50-day moving average is $4.75 and its 200 day moving average is $4.91.
BitFuFu (NASDAQ:FUFU - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.17. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. The company had revenue of $99.29 million during the quarter, compared to the consensus estimate of $99.29 million. On average, research analysts predict that BitFuFu Inc. will post 0.17 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of BitFuFu during the third quarter worth $107,000. Wellington Management Group LLP bought a new position in BitFuFu during the 3rd quarter worth about $110,000. Jane Street Group LLC raised its stake in shares of BitFuFu by 14.0% in the 3rd quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock valued at $65,000 after purchasing an additional 1,984 shares during the period. OLD Mission Capital LLC bought a new stake in shares of BitFuFu in the fourth quarter valued at about $67,000. Finally, Prospect Financial Group LLC acquired a new position in shares of BitFuFu during the fourth quarter worth about $50,000. Institutional investors 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.
Further Reading
Before you consider BitFuFu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BitFuFu wasn't on the list.
While BitFuFu currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
