During the last session, Hut 8 Corp (NASDAQ:HUT)’s traded shares were 3.23 million, with the beta value of the company hitting 2.98. At the end of the trading day, the stock’s price was $8.98, reflecting an intraday loss of -6.75% or -$0.65. The 52-week high for the HUT share is $22.75, that puts it down -153.34 from that peak though still a striking 31.18% gain since the share price plummeted to a 52-week low of $6.18. The company’s market capitalization is $801.38M, and the average trade volume was 4.62 million shares over the past three months.
Hut 8 Corp (NASDAQ:HUT) trade information
Hut 8 Corp (HUT) registered a -6.75% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -6.75% in intraday trading to $8.98, hitting a weekly high. The stock’s 5-day price performance is 20.70%, and it has moved by -4.47% in 30 days. Based on these gigs, the overall price performance for the year is 7.54%.
Hut 8 Corp (HUT) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -74.90% this quarter and then jump 177.50% in the quarter after that. In the rating firms’ projections, revenue will increase 126.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $65.07 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $54.27 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $21.2 million and $19.18 million respectively. In this case, analysts expect current quarter sales to grow by 206.90% and then jump by 182.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.00%.
HUT Dividends
Hut 8 Corp is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
