BitFuFu Inc. (NASDAQ:FUFU - Free Report) - Equities research analysts at HC Wainwright issued their FY2024 earnings per share estimates for shares of BitFuFu in a report released on Wednesday, November 6th. HC Wainwright analyst K. Dede anticipates that the company will earn $0.09 per share for the year. HC Wainwright has a "Buy" rating and a $7.00 price target on the stock. HC Wainwright also issued estimates for BitFuFu's Q4 2024 earnings at ($0.11) EPS and FY2025 earnings at ($0.07) EPS.
BitFuFu Stock Performance
Shares of NASDAQ FUFU traded down $0.01 during midday trading on Friday, hitting $4.68. 113,969 shares of the company's stock were exchanged, compared to its average volume of 195,671. BitFuFu has a twelve month low of $2.32 and a twelve month high of $18.32. The stock's 50 day moving average price is $4.44 and its 200-day moving average price is $4.19. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.40 and a current ratio of 3.41.
BitFuFu (NASDAQ:FUFU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $129.42 million during the quarter.
Institutional Investors Weigh In On BitFuFu
An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC acquired a new stake in BitFuFu Inc. (NASDAQ:FUFU - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,500 shares of the company's stock, valued at approximately $82,000. MMCAP International Inc. SPC owned approximately 0.38% of BitFuFu at the end of the most recent reporting period. 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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