In the past week, FUFU stock has gone down by -16.06%, with a monthly decline of -3.95% and a quarterly surge of 5.90%. The volatility ratio for the week is 10.44%, and the volatility levels for the last 30 days are 8.60% for BitFuFu Inc. The simple moving average for the past 20 days is -8.77% for FUFU’s stock, with a -34.28% 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 higher price-to-earnings ratio of 12.64x compared to its average ratio, The 36-month beta value for FUFU is at 0.16.
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The public float for FUFU is 14.60M, and currently, shorts hold a 4.11% of that float. The average trading volume for FUFU on September 20, 2024 was 207.79K shares.
FUFU) stock’s latest price update
BitFuFu Inc. (NASDAQ: FUFU)’s stock price has dropped by -13.42 in relation to previous closing price of 4.77. Nevertheless, the company has seen a loss of -16.06% in its stock price over the last five trading days. globenewswire.com reported 2024-09-12 that SINGAPORE, Sept. 12, 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 will participate in TOKEN2049 Singapore, the premier crypto event taking place on September 18-19, 2024.
FUFU Trading at -10.21% 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 -77.46% of loss for the given period.
Volatility was left at 8.60%, however, over the last 30 days, the volatility rate increased by 10.44%, as shares sank -3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.63% lower at present.
During the last 5 trading sessions, FUFU fell by -16.06%, in comparison to the 20-day moving average, which settled at $4.52. In addition, BitFuFu Inc. saw -62.14% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FUFU
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.12 for the gross margin
The net margin for BitFuFu Inc. stands at 0.11. The total capital return value is set at 0.12. Equity return is now at value 40.27, with 20.42 for asset returns.
Based on BitFuFu Inc. (FUFU), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 5.78.
Currently, EBITDA for the company is -0.63 million with net debt to EBITDA at 1.37. When we switch over and look at the enterprise to sales, we see a ratio of 2.08. The receivables turnover for the company is 33.17for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.
Conclusion
In conclusion, BitFuFu Inc. (FUFU) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
