BitFuFu’s (FUFU) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of BitFuFu (NASDAQ:FUFU) in a report issued on Friday,Benzinga reports. The firm currently has a $7.00 price target on the stock.

BitFuFu Trading Up 10.8 %

BitFuFu stock opened at $5.35 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. The company’s fifty day moving average price is $5.17 and its 200 day moving average price is $4.89. BitFuFu has a 1 year low of $2.32 and a 1 year high of $18.32.

Institutional Trading of BitFuFu

Institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in BitFuFu in the 3rd quarter valued at $107,000. Wellington Management Group LLP acquired a new stake in BitFuFu in the 3rd quarter valued at about $110,000. Jane Street Group LLC lifted its stake in BitFuFu by 14.0% in the 3rd 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 in the last quarter. OLD Mission Capital LLC acquired a new position in shares of BitFuFu during the 4th quarter worth approximately $67,000. Finally, WINTON GROUP Ltd acquired a new position in shares of BitFuFu during the 4th quarter worth approximately $83,000. 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.