BitFuFu (NASDAQ:FUFU) Shares Up 5.8% – What’s Next?

BitFuFu Inc. (NASDAQ:FUFU)’s stock price traded up 5.8% on Tuesday . The stock traded as high as $5.32 and last traded at $5.25. 38,494 shares were traded during mid-day trading, a decline of 80% from the average session volume of 196,580 shares. The stock had previously closed at $4.96.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of BitFuFu in a research report on Monday, December 9th.

BitFuFu Stock Up 8.9 %

The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a fifty day moving average of $5.16 and a 200 day moving average of $4.71.

Institutional Trading of BitFuFu

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in shares of BitFuFu during the 3rd quarter valued at about $107,000. Wellington Management Group LLP acquired a new position in BitFuFu in the third quarter valued at approximately $110,000. Finally, Jane Street Group LLC lifted its holdings in BitFuFu by 14.0% in the third quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock valued at $65,000 after acquiring an additional 1,984 shares during the last quarter. 37.26% of the stock is owned by institutional investors and hedge funds.

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.