BitFuFu (NASDAQ:FUFU) Shares Gap Down – Should You Sell?

BitFuFu Inc. (NASDAQ:FUFU)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $3.99, but opened at $3.81. BitFuFu shares last traded at $3.92, with a volume of 16,282 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of BitFuFu in a report on Monday, May 12th.

BitFuFu Stock Performance

The firm has a 50 day moving average of $4.13 and a two-hundred day moving average of $4.79. The stock has a market cap of $621.44 million, a P/E ratio of 10.89 and a beta of 0.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09.

BitFuFu (NASDAQ:FUFU) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. The company had revenue of $99.29 million during the quarter, compared to analyst estimates of $99.29 million. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. On average, research analysts predict that BitFuFu Inc. will post 0.17 EPS for the current fiscal year.

Institutional Trading of BitFuFu

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