BitFuFu (NASDAQ:FUFU) Shares Gap Up – Here’s What Happened

BitFuFu Inc. (NASDAQ:FUFU)’s share price gapped up prior to trading on Monday . The stock had previously closed at $5.17, but opened at $5.60. BitFuFu shares last traded at $5.49, with a volume of 71,452 shares.

Analysts Set New Price Targets

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

BitFuFu Stock Performance

The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average of $5.02 and a 200 day moving average of $4.64.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of BitFuFu in the 3rd quarter worth about $107,000. Jane Street Group LLC lifted its stake in BitFuFu by 14.0% in the third quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock worth $65,000 after purchasing an additional 1,984 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in BitFuFu in the third quarter worth about $110,000. 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.