BitFuFu FY2026 EPS Estimate Lowered by Northland Securities

BitFuFu Inc. (NASDAQ:FUFU) – Stock analysts at Northland Securities cut their FY2026 earnings per share (EPS) estimates for shares of BitFuFu in a report released on Monday, June 1st. Northland Securities analyst M. Grondahl now expects that the company will post earnings per share of ($0.03) for the year, down from their prior forecast of $0.06. The consensus estimate for BitFuFu’s current full-year earnings is $0.14 per share.

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

BitFuFu Stock Down 4.3%

BitFuFu stock opened at $2.00 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.16 and a quick ratio of 3.29. The stock has a market capitalization of $333.22 million, a price-to-earnings ratio of -4.55 and a beta of 0.42. BitFuFu has a 1-year low of $1.56 and a 1-year high of $5.38. The business has a fifty day moving average price of $2.07 and a 200-day moving average price of $2.49.

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

Hedge Funds Weigh In On BitFuFu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new position in BitFuFu in the 2nd quarter worth $36,000. Boothbay Fund Management LLC purchased a new position in BitFuFu in the 4th quarter worth $31,000. Jane Street Group LLC purchased a new position in shares of BitFuFu during the 1st quarter valued at about $57,000. Prelude Capital Management LLC purchased a new position in shares of BitFuFu during the 3rd quarter valued at about $48,000. Finally, Squarepoint Ops LLC purchased a new position in shares of BitFuFu during the 3rd quarter valued at about $48,000. 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.