BitFuFu (NASDAQ:FUFU) Trading Down 2.4% – Time to Sell?

BitFuFu Inc. (NASDAQ:FUFU) traded down 2.4% on Monday . The stock traded as low as $4.81 and last traded at $4.88. 121,068 shares traded hands during trading, a decline of 17% from the average session volume of 145,667 shares. The stock had previously closed at $5.00.

Wall Street Analysts Forecast Growth

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

BitFuFu Trading Down 0.2 %

The firm has a fifty day moving average price of $5.20 and a two-hundred day moving average price of $4.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09.

Hedge Funds Weigh In On BitFuFu

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of 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 buying an additional 1,984 shares during the period. Prospect Financial Group LLC bought a new position in BitFuFu in the 4th quarter worth $50,000. OLD Mission Capital LLC bought a new position in BitFuFu in the 4th quarter worth $67,000. WINTON GROUP Ltd bought a new position in BitFuFu in the 4th quarter worth $83,000. Finally, XTX Topco Ltd bought a new position in BitFuFu in the 3rd quarter worth $107,000. 37.26% of the stock is owned by institutional investors.

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.