BitFuFu (NASDAQ:FUFU) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of BitFuFu (NASDAQ:FUFU) from a hold rating to a sell rating in a report issued on Friday morning.

FUFU has been the topic of several other research reports. Northland Securities began coverage on shares of BitFuFu in a report on Wednesday, June 18th. They set a “market perform” rating and a $5.50 target price on the stock. HC Wainwright reaffirmed a “buy” rating and set a $7.00 target price on shares of BitFuFu in a report on Friday, June 6th. Finally, Northland Capmk raised shares of BitFuFu to a “hold” rating in a report on Wednesday, June 18th.

BitFuFu Price Performance

Shares of NASDAQ:FUFU opened at $3.07 on Friday. The company’s fifty day moving average price is $3.53 and its 200-day moving average price is $4.44. The firm has a market capitalization of $500.75 million, a price-to-earnings ratio of 153.58 and a beta of 0.33. BitFuFu has a one year low of $2.91 and a one year high of $6.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.03 and a quick ratio of 3.02.

BitFuFu (NASDAQ:FUFU) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.14). The company had revenue of $99.82 million during the quarter, compared to the consensus estimate of $114.03 million. BitFuFu had a return on equity of 1.34% and a net margin of 0.46%. On average, equities research analysts anticipate that BitFuFu will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BitFuFu

Several institutional investors and hedge funds have recently made changes to their positions in the business. Prospect Financial Group LLC bought a new position in shares of BitFuFu during the 4th quarter valued at $50,000. Wedbush Securities Inc. purchased a new stake in BitFuFu during the 1st quarter valued at $50,000. Jane Street Group LLC purchased a new stake in BitFuFu during the 1st quarter valued at $57,000. OLD Mission Capital LLC purchased a new stake in BitFuFu during the 4th quarter valued at $67,000. Finally, WINTON GROUP Ltd purchased a new stake in BitFuFu during the 4th quarter valued at $83,000. Institutional investors own 37.26% of the company’s stock.

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.