Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of BitFuFu Inc (NASDAQ: FUFU) was $3.49 for the day, down -4.64% from the previous closing price of $3.66. In other words, the price has decreased by -$4.64 from its previous closing price. On the day, 0.52 million shares were traded.
Ratios:
Our analysis of FUFU’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.15 and its Current Ratio is at 4.15. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.84.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on November 06, 2024, initiated with a Buy rating and assigned the stock a target price of $7.
Valuation Measures:
As of this moment, BitFuFu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.54, and their Forward P/E ratio for the next fiscal year is 6.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 3.50.
Stock Price History:
Over the past 52 weeks, FUFU has reached a high of $7.39, while it has fallen to a 52-week low of $3.00. The 50-Day Moving Average of the stock is -14.41%, while the 200-Day Moving Average is calculated to be -25.26%.
Shares Statistics:
A total of 28.11M shares are outstanding, with a floating share count of 16.25M. Insiders hold about 90.04% of the company’s shares, while institutions hold 0.59% stake in the company.
