Diamond Equity Forecasts BitFuFu FY2024 Earnings

BitFuFu Inc. (NASDAQ:FUFU) – Investment analysts at Diamond Equity issued their FY2024 earnings estimates for BitFuFu in a report issued on Wednesday, November 13th. Diamond Equity analyst H. Diamond expects that the company will post earnings of $0.26 per share for the year. The consensus estimate for BitFuFu’s current full-year earnings is $0.17 per share. Diamond Equity also issued estimates for BitFuFu’s Q4 2024 earnings at $0.05 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.39 EPS.

BitFuFu (NASDAQ:FUFU) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.01 EPS for the quarter. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. The firm had revenue of $129.42 million for the quarter.

Separately, HC Wainwright began coverage on shares of BitFuFu in a research report on Wednesday, November 6th. They issued a “buy” rating and a $7.00 price target on the stock.

BitFuFu Stock Up 5.3 %

Shares of FUFU stock opened at $5.40 on Monday. The business’s 50 day simple moving average is $4.56 and its 200 day simple moving average is $4.31. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88. BitFuFu has a one year low of $2.32 and a one year high of $18.32.

Institutional Trading of BitFuFu

Large investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in shares of BitFuFu by 14.0% in the 3rd 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. XTX Topco Ltd bought a new stake in BitFuFu in the third quarter worth approximately $107,000. Finally, Wellington Management Group LLP acquired a new position in BitFuFu in the third quarter valued at approximately $110,000. 37.26% of the stock is currently owned by institutional investors and hedge funds.

About BitFuFu

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.