The trading price of BitFuFu Inc (NASDAQ:FUFU) closed lower on Friday, May 23, and closing at $3.68, -2.65% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 11.11. In examining the 52-week price action we see that the stock hit a 52-week high of $7.39 and a 52-week low of $3.00. Over the past month, the stock has lost -12.38% in value.
BitFuFu Inc, whose market valuation is $600.23 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest FUFU has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that FUFU’s price is currently 0.93% off the SMA20 and -10.58% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.27, and weekly volatility stands at 2.46%. When measured over the past 30 days, the indicator reaches 4.31%. BitFuFu Inc (NASDAQ:FUFU)’s beta value is currently sitting at 0.37, while the Average True Range indicator is currently displaying 0.33.
To see how BitFuFu Inc stock has been performing in comparison to its peers in the industry, here are the numbers: FUFU stock’s performance was -2.65% in the latest trading, and -0.54% in the past year. BitFuFu Inc has a P/E ratio of 11.11.
An evaluation of the daily trading volume of BitFuFu Inc (NASDAQ:FUFU) indicates that the 3-month average is 259.87K.
Currently, records show that 28.11 million of the company’s shares remain outstanding. The insiders hold 90.04% of outstanding shares, whereas institutions hold 0.59%. However, since the stock’s price has seen -25.66% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
