BitFuFu (NASDAQ:FUFU) Shares Down 4.9% – Here’s Why

BitFuFu Inc. (NASDAQ:FUFUGet Free Report) fell 4.9% during mid-day trading on Tuesday . The company traded as low as $5.58 and last traded at $5.67. 41,297 shares were traded during mid-day trading, a decline of 77% from the average session volume of 176,089 shares. The stock had previously closed at $5.96.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of BitFuFu in a report on Monday, December 9th.

Read Our Latest Report on FUFU

BitFuFu Stock Up 0.6 %

The firm has a fifty day moving average of $5.27 and a two-hundred day moving average of $4.81. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88.

Institutional Investors Weigh In On BitFuFu

Several large investors have recently modified their holdings of FUFU. XTX Topco Ltd purchased a new position in BitFuFu during the third quarter valued at approximately $107,000. Wellington Management Group LLP bought a new stake in BitFuFu during the 3rd quarter valued at $110,000. Finally, Jane Street Group LLC boosted its position in BitFuFu by 14.0% during the 3rd 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 in the last quarter. Institutional investors own 37.26% of the company’s stock.

BitFuFu Company Profile

(Get Free Report)

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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