BitFuFu (NASDAQ:FUFU) Given “Buy” Rating at HC Wainwright

BitFuFu (NASDAQ:FUFU)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They presently have a $7.00 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 30.84% from the company’s current price.

BitFuFu Price Performance

Shares of NASDAQ FUFU opened at $5.35 on Friday. The firm has a 50-day simple moving average of $5.17 and a 200-day simple moving average of $4.88. 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 52 week low of $2.32 and a 52 week high of $18.32.

Institutional Investors Weigh In On BitFuFu

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prospect Financial Group LLC acquired a new stake in BitFuFu during the fourth quarter worth about $50,000. Jane Street Group LLC increased its position in BitFuFu by 14.0% during the third quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock worth $65,000 after purchasing an additional 1,984 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in BitFuFu during the fourth quarter worth about $67,000. WINTON GROUP Ltd acquired a new stake in BitFuFu during the fourth quarter worth about $83,000. Finally, XTX Topco Ltd acquired a new stake in BitFuFu during the third quarter worth about $107,000. 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.