BitFuFu’s (FUFU) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of BitFuFu (NASDAQ:FUFU) in a research note published on Wednesday morning,Benzinga reports. HC Wainwright currently has a $7.00 target price on the stock. HC Wainwright also issued estimates for BitFuFu’s Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.09 EPS.

BitFuFu Trading Down 4.9 %

Shares of NASDAQ FUFU opened at $4.68 on Wednesday. BitFuFu has a 1 year low of $2.32 and a 1 year high of $7.39. The firm’s 50-day moving average is $4.90 and its 200-day moving average is $4.92. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88.

BitFuFu (NASDAQ:FUFU) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $99.29 million for the quarter, compared to analysts’ expectations of $99.29 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. Equities analysts expect that BitFuFu will post 0.17 EPS for the current year.

Hedge Funds Weigh In On BitFuFu

Hedge funds have recently added to or reduced their stakes in the stock. Prospect Financial Group LLC acquired a new position in shares of BitFuFu during the 4th quarter worth about $50,000. Jane Street Group LLC grew 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 purchasing an additional 1,984 shares during the period. OLD Mission Capital LLC acquired a new position in BitFuFu during the fourth quarter valued at approximately $67,000. WINTON GROUP Ltd bought a new stake in BitFuFu in the fourth quarter valued at approximately $83,000. Finally, XTX Topco Ltd acquired a new stake in BitFuFu in the third quarter worth $107,000. Institutional investors and hedge funds 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.