BitFuFu (NASDAQ:FUFU – Get Free Report) released 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. The business had revenue of $99.29 million for the quarter, compared to analysts’ expectations of $99.29 million. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%.
BitFuFu Stock Up 0.1 %
NASDAQ:FUFU traded up $0.01 during mid-day trading on Wednesday, hitting $5.51. 23,631 shares of the company’s stock traded hands, compared to its average volume of 158,636. 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 company has a fifty day moving average of $4.91 and a 200 day moving average of $4.91. BitFuFu has a twelve month low of $2.32 and a twelve month high of $7.39.
Analysts Set New Price Targets
Separately, HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of BitFuFu in a research note on Wednesday.
About BitFuFu
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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