FY2026 Earnings Forecast for BitFuFu Issued By HC Wainwright

BitFuFu Inc. (NASDAQ:FUFU) – Equities researchers at HC Wainwright lifted their FY2026 EPS estimates for BitFuFu in a research report issued to clients and investors on Monday, March 23rd. HC Wainwright analyst K. Dede now expects that the company will earn $0.29 per share for the year, up from their previous estimate of $0.09. HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for BitFuFu’s current full-year earnings is $0.17 per share.

Several other analysts have also issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of BitFuFu in a report on Wednesday, January 21st. Zacks Research downgraded BitFuFu from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.38.

BitFuFu Trading Down 5.0%

BitFuFu stock opened at $1.90 on Wednesday. The company has a market cap of $316.31 million, a price-to-earnings ratio of -5.59 and a beta of 0.35. The firm has a 50-day moving average of $2.54 and a 200-day moving average of $3.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.94 and a quick ratio of 2.58. BitFuFu has a one year low of $1.56 and a one year high of $5.69.

BitFuFu (NASDAQ:FUFU) last issued its quarterly earnings results on Friday, March 20th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). BitFuFu had a negative net margin of 12.06% and a negative return on equity of 13.82%. The business had revenue of $91.80 million during the quarter, compared to analyst estimates of $105.15 million.

Institutional Trading of BitFuFu

Several hedge funds have recently added to or reduced their stakes in FUFU. Jane Street Group LLC bought a new stake in BitFuFu in the 1st quarter valued at $57,000. Invesco Ltd. bought a new position in BitFuFu during the 2nd quarter worth $321,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in BitFuFu during the 2nd quarter worth $529,000. Engineers Gate Manager LP acquired a new stake in shares of BitFuFu during the second quarter worth $36,000. Finally, Vident Advisory LLC lifted its holdings in shares of BitFuFu by 24.3% during the second quarter. Vident Advisory LLC now owns 245,497 shares of the company’s stock worth $793,000 after buying an additional 47,987 shares in the last quarter. 37.26% of the stock is owned by institutional investors and hedge funds.

About BitFuFu

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.