BitFuFu FY2026 EPS Estimate Lowered by Northland Securities

BitFuFu Inc. (NASDAQ:FUFU) – Equities research analysts at Northland Securities dropped their FY2026 earnings per share (EPS) estimates for BitFuFu in a research note issued on Monday, June 1st. Northland Securities analyst M. Grondahl now expects that the company will earn ($0.03) per share for the year, down from their previous estimate of $0.06. The consensus estimate for BitFuFu’s current full-year earnings is $0.14 per share.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut BitFuFu from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. HC Wainwright dropped their price objective on BitFuFu from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Zacks Research cut BitFuFu from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen raised BitFuFu from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.38.

BitFuFu Stock Down 4.3%

Shares of NASDAQ:FUFU opened at $2.00 on Thursday. BitFuFu has a 52-week low of $1.56 and a 52-week high of $5.38. The stock has a market cap of $333.22 million, a P/E ratio of -4.55 and a beta of 0.42. The business’s 50 day moving average is $2.07 and its 200 day moving average is $2.49. The company has a quick ratio of 3.29, a current ratio of 4.16 and a debt-to-equity ratio of 0.81.

BitFuFu (NASDAQ:FUFU) last issued its quarterly earnings results on Saturday, March 21st. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.18). BitFuFu had a negative return on equity of 3.81% and a negative net margin of 16.06%.The business had revenue of $103.42 million during the quarter, compared to analysts’ expectations of $105.15 million.

Institutional Trading of BitFuFu

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vident Advisory LLC boosted its position in BitFuFu by 24.3% during the 2nd quarter. Vident Advisory LLC now owns 245,497 shares of the company’s stock valued at $793,000 after acquiring an additional 47,987 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in BitFuFu during the 2nd quarter valued at $529,000. Vontobel Holding Ltd. boosted its position in BitFuFu by 12.6% during the 4th quarter. Vontobel Holding Ltd. now owns 156,986 shares of the company’s stock valued at $413,000 after acquiring an additional 17,605 shares in the last quarter. Invesco Ltd. bought a new stake in BitFuFu during the 2nd quarter valued at $321,000. Finally, Renaissance Technologies LLC boosted its position in BitFuFu by 24.7% during the 4th quarter. Renaissance Technologies LLC now owns 54,000 shares of the company’s stock valued at $143,000 after acquiring an additional 10,700 shares in the last quarter. 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.