BitFuFu (NASDAQ:FUFU – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17, Zacks reports. The company had revenue of $99.29 million for the quarter, compared to analyst estimates of $99.29 million. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%.
BitFuFu Price Performance
Shares of FUFU opened at $5.50 on Wednesday. BitFuFu has a 1-year low of $2.32 and a 1-year high of $7.39. The firm has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $4.91. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of BitFuFu in a report on Wednesday.
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.
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