How to Buy Bitfufu Stock
Bitfufu Inc
BitFuFu Inc is a digital asset mining and cloud-mining service provider that fosters a secure, compliant, and transparent blockchain infrastructure.
Bitfufu stock last closed at $3.09, up 2.32% from the previous day, and has decreased 70.35% in one year. It has underperformed other stocks in the Credit Services industry by 0.91 percentage points. Bitfufu stock is currently +33.19% from its 52-week low of $2.32, and -83.13% from its 52-week high of $18.32.
As of Apr 26, 2024, there are 162.9M shares of FUFU outstanding. The market capitalization of FUFU is $503.37M. In the last 24 hours, 188,540 FUFU shares were traded.
How to Buy Bitfufu Stock
Not sure how to invest in Bitfufu stock? Here's how.
- Choose where to buy Bitfufu stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Bitfufu stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your method of payment and add your details.
- Research Bitfufu stock: The Bitfufu ticker symbol is FUFU. Is Bitfufu stock a good investment? Should you buy shares of FUFU? How do FUFU's underlying business fundamentals look? Do top analysts think Bitfufu is a good buy? Why has FUFU's stock price moved recently? (Hint: Our stock market research tools can help you understand if FUFU is a good stock to buy).
- Place your FUFU purchase: Decide if you will purchase FUFU shares at the current market price or use a limit order to buy FUFU stock at a particular price.
- Monitor your investment in FUFU: Create a watchlist to keep track of your position in Bitfufu shares.
Step 1: Choose where to buy Bitfufu stock
You will need an online brokerage account in order to access the NASDAQ market and buy FUFU shares.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you can buy FUFU today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open a new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on app for stock market, you can securely and quickly fund your account:
Check out this video walkthrough to see the process of transferring funds into your new brokerage account.
Step 4: Research Bitfufu stock
After you have identified the best place to buy Bitfufu stock, it's important to research their stock prior to buying, so you truly comprehend the risk as well as the opportunity.
Overview of key FUFU info
FUFU Zen Score
WallStreetZen was built to help average investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on FUFU's stock page.
Is FUFU stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge FUFU's intrinsic value.
Using relative valuations methods:
- FUFU may be overvalued based on its P/E ratio of 44.14x, relative to Credit Services industry P/E ratio of 28.16x
- FUFU may be overvalued based on its P/B ratio of 29.04x, relative to Credit Services industry P/B ratio of 4.95x
- FUFU may be overvalued based on its PEG ratio of 1.15x
You can access more valuation analysis on FUFU's stock here.
FUFU Financial Health Summary
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the FUFU balance sheet.
- FUFU profit margin has gone up from 1.2% to 3.7% in the past year.
- There are more short-term assets than short-term liabilities on the FUFU balance sheet.
Negative Financial Indicators:
- FUFU has cash burn of 196036926. It does not have sufficient cash and short-term investments to cover this.
- FUFU has $75.98M in cash and short term investments. This is not enough to cover its annual cash burn of $196.04M.
- FUFU has a relatively high debt to equity ratio of 11.12.
FUFU Trading Indicators
Is FUFU Making Money?
Last year, FUFU earnings were $10.49M. In the past 2 year, FUFU's earnings have gone up by 52.75% per year. This was faster than the Credit Services industry average of 12.07%.
Last year, FUFU revenue was $284.11M. During the last two year, FUFU's revenue has increased by 66.05% per year. This was faster than the Credit Services industry average of 9.65%.
Dig into FUFU's earnings and revenue performance here.
Are FUFU executives and large shareholders buying or selling the stock?
In the past year, executives and large shareholders at FUFU have not bought or sold any shares.
Learn more about who owns FUFU stock here.
Can I rely on FUFU as an income stream?
No, Bitfufu doesn't provide an income stream by paying out dividends.
FUFU Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your FUFU purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, place a limit order.
Hit the Open button and your broker will place the order.
If you require more assistance buying stocks on eToro, click the how to video below:
Step 6: Monitor your investment in FUFU
Now that you own some shares in FUFU, you'll want to keep up with your investment.
Start a watchlist to see the latest developments about your FUFU stock.
FUFU Feed
How to Buy Stock in Bitfufu
To summarize, here are the 6 steps to buy Bitfufu stock:
- Choose where to buy Bitfufu stock
- Open your brokerage account
- Deposit money your brokerage account
- Research Bitfufu stock
- Place your FUFU purchase
- Monitor your investment in FUFU
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your investment in Bitfufu, hit the button below to create your watchlist.
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