BitFuFu Inc (NASDAQ: FUFU) has a price-to-earnings ratio of 23.71x that is above its average ratio. Additionally, the 36-month beta value for FUFU is 0.23. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FUFU is 16.13M and currently, short sellers hold a 2.14% ratio of that float. The average trading volume of FUFU on January 03, 2025 was 136.69K shares.
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FUFU) stock’s latest price update
The stock price of BitFuFu Inc (NASDAQ: FUFU) has jumped by 13.13 compared to previous close of 4.95. Despite this, the company has seen a gain of 3.70% in its stock price over the last five trading days. globenewswire.com reported 2025-01-02 that SINGAPORE, Jan. 02, 2025 (GLOBE NEWSWIRE) — BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has recently signed a two-year framework agreement with BITMAIN, a world-leading digital asset mining hardware manufacturer, to purchase from BITMAIN up to 80,000 S-series miners (including but not limited to the S21 XP and S21 Pro). Under the terms of the framework agreement, BitFuFu has the flexibility to place orders in batches over a two-year period.
FUFU’s Market Performance
FUFU’s stock has risen by 3.70% in the past week, with a monthly rise of 7.28% and a quarterly rise of 36.59%. The volatility ratio for the week is 8.25% while the volatility levels for the last 30 days are 9.58% for BitFuFu Inc The simple moving average for the past 20 days is 4.40% for FUFU’s stock, with a 26.87% simple moving average for the past 200 days.
Analysts’ Opinion of FUFU
Many brokerage firms have already submitted their reports for FUFU stocks, with H.C. Wainwright repeating the rating for FUFU by listing it as a “Buy.” The predicted price for FUFU in the upcoming period, according to H.C. Wainwright is $7 based on the research report published on November 06, 2024 of the previous year 2024.
FUFU Trading at 7.70% 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 -69.43% of loss for the given period.
Volatility was left at 9.58%, however, over the last 30 days, the volatility rate increased by 8.25%, as shares surge +6.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.13% upper at present.
During the last 5 trading sessions, FUFU rose by +3.70%, which changed the moving average for the period of 200-days by +37.25% in comparison to the 20-day moving average, which settled at $5.36. In addition, BitFuFu Inc saw 13.13% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FUFU
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.09 for the gross margin
The net margin for BitFuFu Inc stands at 0.08. The total capital return value is set at 0.11. Equity return is now at value 43.89, with 20.16 for asset returns.
Based on BitFuFu Inc (FUFU), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.37. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 4.3.
Currently, EBITDA for the company is 29.83 million with net debt to EBITDA at 1.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The receivables turnover for the company is 14.87for trailing twelve months and the total asset turnover is 1.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.09.
Conclusion
In conclusion, BitFuFu Inc (FUFU) has seen better 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.
