The stock of BitFuFu Inc. (FUFU) has seen a -2.84% decrease in the past week, with a -41.95% drop in the past month, and a -75.09% decrease in the past quarter. The volatility ratio for the week is 19.43%, and the volatility levels for the past 30 days are at 15.17% for FUFU. The simple moving average for the past 20 days is -31.63% for FUFU’s stock, with a -71.39% simple moving average for the past 200 days.
Is It Worth Investing in BitFuFu Inc. (NASDAQ: FUFU) Right Now?
BitFuFu Inc. (NASDAQ: FUFU) has a price-to-earnings ratio of 16.66x that is above its average ratio. Additionally, the 36-month beta value for FUFU is -0.07.
The public float for FUFU is 2.29M and currently, short sellers hold a 1.88% ratio of that float. The average trading volume of FUFU on April 24, 2024 was 248.85K shares.
FUFU) stock’s latest price update
BitFuFu Inc. (NASDAQ: FUFU)’s stock price has dropped by -4.53 in relation to previous closing price of 2.87. Nevertheless, the company has seen a loss of -2.84% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-03 that SINGAPORE, April 03, 2024 (GLOBE NEWSWIRE) — BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that it plans to release its financial results for the full year ended December 31, 2023, on Thursday, April 11, 2024 before the U.S. markets open.
FUFU Trading at -56.93% from the 50-Day Moving Average
After a stumble in the market that brought FUFU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.04% of loss for the given period.
Volatility was left at 15.17%, however, over the last 30 days, the volatility rate increased by 19.43%, as shares sank -49.26% for the moving average over the last 20 days.
During the last 5 trading sessions, FUFU fell by -2.84%, in comparison to the 20-day moving average, which settled at $3.87. In addition, BitFuFu Inc. saw -74.89% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FUFU
Equity return is now at value 2.34, with 2.11 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
In conclusion, BitFuFu Inc. (FUFU) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
