BitFuFu (NASDAQ:FUFU – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17, Zacks reports. BitFuFu had a net margin of 8.17% and a return on equity of 40.15%. The company had revenue of $99.29 million during the quarter, compared to the consensus estimate of $99.29 million.
BitFuFu Stock Performance
FUFU opened at $5.50 on Wednesday. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88. BitFuFu has a 52 week low of $2.32 and a 52 week high of $7.39. The business’s 50 day moving average is $4.91 and its two-hundred day moving average is $4.91.
Analysts Set New Price Targets
Separately, HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of BitFuFu in a research report 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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