Diamond Equity Issues Negative Estimate for BitFuFu Earnings

BitFuFu Inc. (NASDAQ:FUFUFree Report) – Investment analysts at Diamond Equity lowered their FY2025 earnings estimates for BitFuFu in a research note issued on Tuesday, June 10th. Diamond Equity analyst H. Diamond now anticipates that the company will post earnings per share of $0.10 for the year, down from their prior estimate of $0.27. The consensus estimate for BitFuFu’s current full-year earnings is $0.17 per share.

BitFuFu (NASDAQ:FUFUGet Free Report) last released its earnings results on Thursday, June 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.14). The business had revenue of $99.82 million during the quarter, compared to the consensus estimate of $114.03 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%.

Separately, HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of BitFuFu in a report on Friday, June 6th.

Read Our Latest Report on BitFuFu

BitFuFu Stock Up 2.3%

BitFuFu stock opened at $3.07 on Friday. The company has a fifty day simple moving average of $3.77 and a 200 day simple moving average of $4.59. The company has a market cap of $500.74 million, a P/E ratio of 153.50 and a beta of 0.33. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88. BitFuFu has a 1-year low of $2.91 and a 1-year high of $7.39.

Institutional Trading of BitFuFu

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prospect Financial Group LLC acquired a new stake in BitFuFu during the 4th quarter worth about $50,000. OLD Mission Capital LLC acquired a new stake in BitFuFu during the 4th quarter worth about $67,000. WINTON GROUP Ltd acquired a new stake in BitFuFu during the 4th quarter worth about $83,000. Jane Street Group LLC acquired a new stake in BitFuFu during the 1st quarter worth about $57,000. Finally, Vident Advisory LLC acquired a new stake in BitFuFu during the 1st quarter worth about $905,000. 37.26% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also

Earnings History and Estimates for BitFuFu (NASDAQ:FUFU)

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