BitFuFu (NASDAQ:FUFU - Get Free Report)'s stock had its "buy" rating reissued by analysts at HC Wainwright in a report released on Wednesday,Benzinga reports. They presently have a $7.00 price target on the stock. HC Wainwright's price objective would suggest a potential upside of 49.57% from the company's previous close. HC Wainwright also issued estimates for BitFuFu's Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.09 EPS.
BitFuFu Price Performance
Shares of BitFuFu stock traded down $0.24 during trading on Wednesday, reaching $4.68. 156,063 shares of the stock traded hands, compared to its average volume of 161,443. BitFuFu has a 52-week low of $2.32 and a 52-week high of $7.39. 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 business has a fifty day simple moving average of $4.90 and a two-hundred day simple moving average of $4.92. The company has a market capitalization of $763.34 million, a price-to-earnings ratio of 13.37 and a beta of 0.24.
BitFuFu (NASDAQ:FUFU - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.17. The business had revenue of $99.29 million for the quarter, compared to the consensus estimate of $99.29 million. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. Sell-side analysts expect that BitFuFu will post 0.17 EPS for the current year.
Institutional Trading of BitFuFu
Large investors have recently made changes to their positions in the business. Prospect Financial Group LLC bought a new stake in BitFuFu during the fourth quarter worth approximately $50,000. Jane Street Group LLC lifted its position in 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 buying an additional 1,984 shares during the last quarter. OLD Mission Capital LLC bought a new stake in BitFuFu in the fourth quarter worth $67,000. WINTON GROUP Ltd purchased a new position in BitFuFu during the fourth quarter worth $83,000. Finally, XTX Topco Ltd bought a new position in BitFuFu during the third quarter valued at $107,000. 37.26% of the stock is currently owned by 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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