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

HC Wainwright reaffirmed their buy rating on shares of BitFuFu (NASDAQ:FUFU) in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a $7.00 target price on the stock.

BitFuFu Stock Down 2.8 %

NASDAQ FUFU opened at $5.82 on Monday. BitFuFu has a 1-year low of $2.32 and a 1-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. The company has a 50 day moving average of $4.88 and a 200-day moving average of $4.57.

Institutional Trading of BitFuFu

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in BitFuFu during the third quarter worth about $110,000. XTX Topco Ltd acquired a new position in shares of BitFuFu in the 3rd quarter valued at approximately $107,000. Finally, 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 worth $65,000 after acquiring an additional 1,984 shares during the period. 37.26% of the stock is 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.