In last trading session, Hut 8 Corp (NASDAQ:HUT) saw 3.21 million shares changing hands with its beta currently measuring 3.02. Company’s recent per share price level of $7.99 trading at $0.13 or 1.65% at ring of the bell on the day assigns it a market valuation of $713.03M. That closing price of HUT’s stock is at a discount of -184.73% from its 52-week high price of $22.75 and is indicating a premium of 22.65% from its 52-week low price of $6.18. Taking a look at company’s average trading volume volume of 4.25 million if we extend that period to 3-months.
Hut 8 Corp (NASDAQ:HUT) trade information
Upright in the green during last session for gaining 1.65%, in the last five days HUT remained trading in the red while hitting it’s week-highest on Friday, 04/26/24 when the stock touched $7.99 price level, adding 12.0% to its value on the day. Hut 8 Corp’s shares saw a change of -40.10% in year-to-date performance and have moved -11.02% in past 5-day. Hut 8 Corp (NASDAQ:HUT) showed a performance of -14.82% in past 30-days.
Hut 8 Corp (HUT) estimates and forecasts
The company is estimating its revenue growth to decrease by -74.90% in the current quarter and calculating 177.50% increase in the next quarter. This year revenue growth is estimated to rise 126.00% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $65.07 million for the same. And 4 analysts are in estimates of company making revenue of $54.27 million in the next quarter that will end on Jun 2024. Company posted $21.2 million and $19.18 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 206.90% while estimating it to be 182.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.00% during past 5 years.
HUT Dividends
Hut 8 Corp is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
