BitFuFu (NASDAQ:FUFU – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17, Zacks reports. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%. The company had revenue of $99.29 million for the quarter, compared to the consensus estimate of $99.29 million.
BitFuFu Stock Performance
BitFuFu stock opened at $5.51 on Thursday. The company’s 50 day simple moving average is $4.91 and its 200 day simple moving average is $4.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. BitFuFu has a fifty-two week low of $2.32 and a fifty-two week high of $7.39.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective 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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