BitFuFu Inc. (NASDAQ:FUFU - Free Report) - Equities researchers at Diamond Equity issued their FY2024 earnings per share estimates for shares of BitFuFu in a note issued to investors on Wednesday, November 13th. Diamond Equity analyst H. Diamond expects that the company will post earnings of $0.26 per share for the year. The consensus estimate for BitFuFu's current full-year earnings is $0.17 per share. Diamond Equity also issued estimates for BitFuFu's Q4 2024 earnings at $0.05 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.39 EPS.
BitFuFu (NASDAQ:FUFU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.01 EPS for the quarter. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. The company had revenue of $129.42 million during the quarter.
Separately, HC Wainwright started coverage on BitFuFu in a research report on Wednesday, November 6th. They set a "buy" rating and a $7.00 price target for the company.
Read Our Latest Report on BitFuFu
BitFuFu Stock Up 5.9 %
FUFU traded up $0.32 on Monday, reaching $5.72. 276,922 shares of the stock were exchanged, compared to its average volume of 200,047. The company's 50-day moving average price is $4.56 and its 200 day moving average price is $4.31. BitFuFu has a fifty-two week low of $2.32 and a fifty-two week high of $18.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09.
Hedge Funds Weigh In On BitFuFu
Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings 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 buying an additional 1,984 shares during the period. XTX Topco Ltd acquired a new position in shares of BitFuFu in the 3rd quarter valued at about $107,000. Finally, Wellington Management Group LLP acquired a new position in shares of BitFuFu in the 3rd quarter valued at about $110,000. Institutional investors and hedge funds own 37.26% of the company's stock.
About BitFuFu
(
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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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