Diamond Equity Estimates BitFuFu FY2024 Earnings

BitFuFu Inc. (NASDAQ:FUFU) – Analysts at Diamond Equity issued their FY2024 earnings estimates for shares of BitFuFu in a research note issued to investors on Wednesday, November 13th. Diamond Equity analyst H. Diamond forecasts that the company will earn $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.

Separately, HC Wainwright assumed coverage on BitFuFu in a report on Wednesday, November 6th. They set a “buy” rating and a $7.00 price target for the company.

BitFuFu Stock Up 5.3 %

NASDAQ:FUFU opened at $5.40 on Monday. The firm’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $4.31. BitFuFu has a one year low of $2.32 and a one year high of $18.32. 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 (NASDAQ:FUFU) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.01 earnings per share for the quarter. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. The company had revenue of $129.42 million during the quarter.

Institutional Trading of BitFuFu

Several large investors have recently made changes to their positions in FUFU. Jane Street Group LLC raised its stake 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 acquiring an additional 1,984 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of BitFuFu during the 3rd quarter valued at approximately $110,000. Finally, XTX Topco Ltd acquired a new position in BitFuFu during the 3rd quarter worth approximately $107,000. Institutional investors and hedge funds own 37.26% of the company’s stock.

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.