BitFuFu (NASDAQ:FUFU) Stock Price Up 9% – Time to Buy?

BitFuFu Inc. (NASDAQ:FUFU)’s stock price traded up 9% during mid-day trading on Tuesday . The company traded as high as $5.65 and last traded at $5.34. 63,239 shares were traded during trading, a decline of 68% from the average session volume of 200,271 shares. The stock had previously closed at $4.90.

BitFuFu Trading Up 3.5 %

The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average of $4.38 and a 200-day moving average of $4.12.

BitFuFu (NASDAQ:FUFU) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $129.42 million for the quarter.

Institutional Trading of BitFuFu

An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC acquired a new stake in shares of BitFuFu Inc. (NASDAQ:FUFU) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned approximately 0.38% of BitFuFu as of its most recent filing with the SEC. Hedge funds and other institutional investors own 37.26% of the company’s stock.

BitFuFu Company Profile

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.