BitFuFu Inc. (NASDAQ:FUFU – Get Free Report)’s share price fell 4.4% during trading on Tuesday . The stock traded as low as $5.30 and last traded at $5.47. 16,509 shares traded hands during trading, a decline of 92% from the average session volume of 199,039 shares. The stock had previously closed at $5.72.
Wall Street Analyst Weigh In
Separately, HC Wainwright began coverage on shares of BitFuFu in a report on Wednesday, November 6th. They set a “buy” rating and a $7.00 price target on the stock.
View Our Latest Analysis on BitFuFu
BitFuFu Price Performance
BitFuFu (NASDAQ:FUFU – Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $129.42 million during the quarter. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. As a group, equities analysts anticipate that BitFuFu Inc. will post 0.17 EPS for the current year.
Institutional Investors Weigh In On BitFuFu
A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new stake in BitFuFu in the third quarter worth $110,000. XTX Topco Ltd bought a new stake in BitFuFu during the third quarter valued at about $107,000. Finally, Jane Street Group LLC boosted its holdings in BitFuFu by 14.0% during the third quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock valued at $65,000 after acquiring an additional 1,984 shares during the period. 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.
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