BitFuFu (NASDAQ:FUFU) Shares Gap Up – Here’s What Happened

Shares of BitFuFu Inc. (NASDAQ:FUFU) gapped up before the market opened on Tuesday . The stock had previously closed at $4.46, but opened at $4.67. BitFuFu shares last traded at $4.79, with a volume of 61,837 shares changing hands.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of BitFuFu in a research report on Friday, February 21st.

BitFuFu Price Performance

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 business has a fifty day moving average price of $4.90 and a 200 day moving average price of $4.91.

Institutional Trading of BitFuFu

Several large investors have recently modified their holdings of the business. OLD Mission Capital LLC acquired a new position in BitFuFu in the fourth quarter worth about $67,000. WINTON GROUP Ltd bought a new position in shares of BitFuFu in the fourth quarter valued at approximately $83,000. Prospect Financial Group LLC acquired a new position in shares of BitFuFu during the 4th quarter valued at $50,000. XTX Topco Ltd bought a new stake in BitFuFu in the third quarter worth about $107,000. Finally, Jane Street Group LLC lifted 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 valued at $65,000 after purchasing an additional 1,984 shares during the last quarter. 37.26% of the stock is currently 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.