Hut 8 Mining Corp. (NASDAQ:HUT)’s traded shares stood at 9.99 million during the last session, with the company’s beta value hitting 2.46. At the close of trading, the stock’s price was $9.10, to imply an increase of 3.76% or $0.33 in intraday trading. The HUT share’s 52-week high remains $13.00, putting it -42.86% down since that peak but still an impressive 93.63% since price per share fell to its 52-week low of $0.58. The company has a valuation of $1.75B, with an average of 14.62 million shares in intraday trading volume over the past 10 days and average of 5.88 million shares over the past 3 months.
Hut 8 Mining Corp. (NASDAQ:HUT) trade information
After registering a 3.76% upside in the last session, Hut 8 Mining Corp. (HUT) has traded red over the past five days. The stock hit a weekly high of 10.47 this Thursday, 09/16/21, jumping 3.76% in its intraday price action. The 5-day price performance for the stock is -11.74%, and 53.98% over 30 days. With these gigs, the year-to-date price performance is 230.91%. Short interest in Hut 8 Mining Corp. (NASDAQ:HUT) saw shorts transact 2.71 million shares and set a 0.85 days time to cover.
Analysts on Wall Street suggest a consensus price target of $11.76, implying an increase of 22.62% to the stock’s current value. The extremes give us $11.00 and $12.52 for target low and target high price respectively. As such, HUT has been trading -37.58% off suggested target high and -20.88% from its likely low.
Hut 8 Mining Corp. (HUT) estimates and forecasts
Hut 8 Mining Corp. has its next earnings report out on May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hut 8 Mining Corp. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Hut 8 Mining Corp. (NASDAQ:HUT)’s Major holders
Hut 8 Mining Corp. insiders hold 15.23% of total outstanding shares, with institutional holders owning 12.90% of the shares at 15.22% float percentage. In total, 12.90% institutions holds shares in the company, led by FMR, LLC. As of Jun 29, 2021, the company held over 3.16 million shares (or 2.20% of shares), all amounting to roughly $13.89 million.
The next major institution holding the largest number of shares is Point72 Asia (Hong Kong) Ltd with 1.75 million shares, or about 1.22% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $7.69 million.
We also have Amplify Transformational Data Sharing ETF and Global X Fds-Global X FinTech Thematic ETF as the top two Mutual Funds with the largest holdings of the Hut 8 Mining Corp. (HUT) shares. Going by data provided on Jun 29, 2021, Amplify Transformational Data Sharing ETF holds roughly 8.29 million shares. This is just over 5.78% of the total shares, with a market valuation of $36.48 million. Data from the same date shows that the other fund manager holds a little less at 1.08 million, or 0.76% of the shares, all valued at about 4.77 million.