BitFuFu (NASDAQ:FUFU) Receives Buy Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of BitFuFu (NASDAQ:FUFU) in a research report sent to investors on Friday,Benzinga reports. HC Wainwright currently has a $7.00 price target on the stock.

BitFuFu Price Performance

Shares of BitFuFu stock opened at $5.35 on Friday. BitFuFu has a 12-month low of $2.32 and a 12-month high of $18.32. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average of $5.17 and a two-hundred day moving average of $4.88.

Institutional Trading of BitFuFu

Several large investors have recently modified their holdings of the business. Wellington Management Group LLP acquired a new stake in shares of BitFuFu in the third quarter valued at approximately $110,000. XTX Topco Ltd acquired a new stake in shares of BitFuFu in the third quarter valued at approximately $107,000. WINTON GROUP Ltd acquired a new stake in shares of BitFuFu in the fourth quarter valued at approximately $83,000. Jane Street Group LLC grew its position in shares of BitFuFu by 14.0% in 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 last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of BitFuFu in the fourth quarter valued at approximately $67,000. 37.26% of the stock is currently owned by institutional investors and hedge funds.

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.