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BitFuFu's (FUFU) Buy Rating Reiterated at HC Wainwright

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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.

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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

(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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