BitFuFu (NASDAQ:FUFU) Receives “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of BitFuFu (NASDAQ:FUFU) in a research note released on Wednesday,Benzinga reports. HC Wainwright currently has a $7.00 price target on the stock. 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

NASDAQ FUFU opened at $4.68 on Wednesday. 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 50 day simple moving average of $4.90 and a 200 day simple moving average of $4.92. BitFuFu has a 52-week low of $2.32 and a 52-week high of $7.39.

BitFuFu (NASDAQ:FUFU) last issued its quarterly earnings data 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 net margin of 8.17% and a return on equity of 40.15%. The company had revenue of $99.29 million during the quarter, compared to the consensus estimate of $99.29 million. As a group, analysts forecast that BitFuFu will post 0.17 EPS for the current fiscal year.

Institutional Trading of BitFuFu

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP bought a new position in shares of BitFuFu during the third quarter worth about $110,000. XTX Topco Ltd acquired a new position in BitFuFu during the 3rd quarter worth approximately $107,000. WINTON GROUP Ltd bought a new position in shares of BitFuFu during the 4th quarter worth approximately $83,000. Jane Street Group LLC raised its holdings in shares of BitFuFu by 14.0% in the third 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 last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of BitFuFu in the fourth quarter worth $67,000. 37.26% of the stock is currently owned by institutional investors.

BitFuFu Company Profile

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.