The price-to-earnings ratio for BitFuFu Inc. (NASDAQ: FUFU) is above average at 17.39x. The 36-month beta value for FUFU is also noteworthy at -0.10.
The public float for FUFU is 2.29M, and at present, short sellers hold a 3.69% of that float. The average trading volume of FUFU on May 09, 2024 was 253.39K shares.
FUFU) stock’s latest price update
BitFuFu Inc. (NASDAQ: FUFU) has experienced a rise in its stock price by 7.92 compared to its previous closing price of 2.65. However, the company has seen a gain of 2.14% 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’s Market Performance
BitFuFu Inc. (FUFU) has seen a 2.14% rise in stock performance for the week, with a -28.32% decline in the past month and a -74.49% plunge in the past quarter. The volatility ratio for the week is 13.22%, and the volatility levels for the past 30 days are at 17.38% for FUFU.. The simple moving average for the past 20 days is -7.68% for FUFU’s stock, with a -68.82% simple moving average for the past 200 days.
FUFU Trading at -38.54% 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 -84.39% of loss for the given period.
Volatility was left at 17.38%, however, over the last 30 days, the volatility rate increased by 13.22%, as shares sank -34.25% for the moving average over the last 20 days.
During the last 5 trading sessions, FUFU rose by +2.14%, in comparison to the 20-day moving average, which settled at $3.02. In addition, BitFuFu Inc. saw -73.79% 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 summary, BitFuFu Inc. (FUFU) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
