Hut 8 Mining Corp. (NASDAQ:HUT)’s traded shares stood at 9.94 million during the last session, with the company’s beta value hitting 3.41. At the close of trading, the stock’s price was $1.65, to imply a decrease of -1.79% or -$0.03 in intraday trading. The HUT share’s 52-week high remains $6.70, putting it -306.06% down since that peak but still an impressive 52.73% since price per share fell to its 52-week low of $0.78. The company has a valuation of $506.27M, with an average of 11.37 million shares in intraday trading volume over the past 10 days and average of 9.78 million shares over the past 3 months.

Hut 8 Mining Corp. (NASDAQ:HUT) trade information

After registering a -1.79% downside in the last session, Hut 8 Mining Corp. (HUT) has traded red over the past five days. The stock hit a weekly high of 1.8500 this Wednesday, 03/15/23, dropping -1.79% in its intraday price action. The 5-day price performance for the stock is 11.49%, and 1.85% over 30 days. With these gigs, the year-to-date price performance is 94.12%. Short interest in Hut 8 Mining Corp. (NASDAQ:HUT) saw shorts transact 14.6 million shares and set a 1.44 days time to cover.

Analysts on Wall Street suggest a consensus price target of $2.84, implying an increase of 41.9% to the stock’s current value. The extremes give us $1.50 and $5.00 for target low and target high price respectively. As such, HUT has been trading -203.03% off suggested target high and 9.09% from its likely low.

Hut 8 Mining Corp. (HUT) estimates and forecasts

Looking at statistics comparing Hut 8 Mining Corp. share performance against respective industry, we note that the company has outperformed competitors. Hut 8 Mining Corp. (HUT) shares are -18.72% down over the last 6 months, with its year-to-date growth rate higher than industry average at 26.32% against 18.30%.

HUT Dividends

Hut 8 Mining Corp. has its next earnings report out between May 10 and May 15. 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 5.96% of total outstanding shares, with institutional holders owning 10.36% of the shares at 11.02% float percentage. In total, 10.36% institutions holds shares in the company, led by Mirae Asset Global Investments Co., Ltd. As of Sep 29, 2022, the company held over 2.59 million shares (or 1.18% of shares), all amounting to roughly $4.61 million.

The next major institution holding the largest number of shares is Pinpoint Asset Management Limited with 1.66 million shares, or about 0.75% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $2.96 million.

We also have Amplify Transformational Data Sharing ETF and Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF as the top two Mutual Funds with the largest holdings of the Hut 8 Mining Corp. (HUT) shares. Going by data provided on Oct 30, 2022, Amplify Transformational Data Sharing ETF holds roughly 6.99 million shares. This is just over 3.17% of the total shares, with a market valuation of $15.66 million. Data from the same date shows that the other fund manager holds a little less at 1.75 million, or 0.79% of the shares, all valued at about 3.11 million.