BitFuFu (NASDAQ:FUFU) Shares Gap Up – Time to Buy?

Shares of BitFuFu Inc. (NASDAQ:FUFUGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $3.97, but opened at $4.09. BitFuFu shares last traded at $4.01, with a volume of 7,274 shares trading hands.

BitFuFu Trading Up 12.6 %

The firm has a fifty day moving average of $4.35 and a 200 day moving average of $4.09. The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.87.

BitFuFu (NASDAQ:FUFUGet Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.01 EPS for the quarter. The firm had revenue of $129.42 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BitFuFu stock. MMCAP International Inc. SPC purchased a new position in shares of BitFuFu Inc. (NASDAQ:FUFUFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned approximately 0.38% of BitFuFu at the end of the most recent quarter. 37.26% of the stock is currently owned by hedge funds and other institutional investors.

BitFuFu Company Profile

(Get Free Report)

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.

Further Reading

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