Diamond Equity Predicts BitFuFu FY2024 Earnings

BitFuFu Inc. (NASDAQ:FUFU) – Research analysts at Diamond Equity issued their FY2024 EPS estimates for shares of BitFuFu in a report released on Wednesday, November 13th. Diamond Equity analyst H. Diamond forecasts that the company will post earnings per share of $0.26 for the year. The consensus estimate for BitFuFu’s current full-year earnings is $0.17 per share. Diamond Equity also issued estimates for BitFuFu’s Q4 2024 earnings at $0.05 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.39 EPS.

Separately, HC Wainwright began coverage on shares of BitFuFu in a report on Wednesday, November 6th. They set a “buy” rating and a $7.00 target price on the stock.

BitFuFu Stock Performance

NASDAQ:FUFU opened at $5.72 on Monday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88. The business’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.33. BitFuFu has a fifty-two week low of $2.32 and a fifty-two week high of $18.32.

BitFuFu (NASDAQ:FUFU) last posted its earnings results 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. BitFuFu had a return on equity of 40.15% and a net margin of 8.17%.

Institutional Investors Weigh In On BitFuFu

Several institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in BitFuFu during the 3rd quarter worth about $107,000. Jane Street Group LLC boosted its position in shares of BitFuFu by 14.0% during the third quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock worth $65,000 after buying an additional 1,984 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of BitFuFu during the third quarter worth about $110,000. 37.26% of the stock is owned by institutional investors.

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.