BitFuFu Inc. (NASDAQ:FUFU) Stock Has Average Price Target of $5.00

by · The Cerbat Gem

BitFuFu Inc. (NASDAQ:FUFU – Get Free Report) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $5.00.

A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of BitFuFu from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. Zacks Research upgraded BitFuFu from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Finally, JonesTrading raised BitFuFu to a “strong-buy” rating in a research note on Sunday, September 27th.

Check Out Our Latest Report on FUFU

BitFuFu Stock Performance

NASDAQ:FUFU opened at $1.42 on Wednesday. The company has a market cap of $236.59 million, a price-to-earnings ratio of -1.69 and a beta of 0.44. BitFuFu has a 1 year low of $1.18 and a 1 year high of $4.06. The stock’s 50 day simple moving average is $1.36 and its two-hundred day simple moving average is $1.67. The company has a debt-to-equity ratio of 1.03, a current ratio of 4.22 and a quick ratio of 4.22.

BitFuFu (NASDAQ:FUFU – Get Free Report) last posted its earnings results on Monday, August 17th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). BitFuFu had a negative net margin of 36.00% and a negative return on equity of 18.05%. The firm had revenue of $42.76 million for the quarter, compared to the consensus estimate of $75.02 million.

BitFuFu declared that its board has authorized a stock buyback plan on Monday, June 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

BitFuFu Company Profile

(Get Free Report)

BitFuFu Limited (NASDAQ:FUFU) is a digital asset mining service provider that offers cryptocurrency mining and related services to individual and institutional customers. Its business includes cloud mining, mining hardware sales, mining-machine hosting, and self-mining operations, with a primary focus on Bitcoin and other proof-of-work digital assets.

Through its cloud-mining platform, BitFuFu enables customers to purchase computing power, or hash rate, without directly owning or operating mining equipment.

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