In the latest trading session, 1.58 million Hut 8 Corp (NASDAQ:HUT) shares changed hands as the company’s beta touched 3.37. With the company’s most recent per share price at $12.22 changed hands at -$0.86 or -6.57% at last look, the market valuation stands at $1.11B. HUT’s current price is a discount, trading about -72.67% off its 52-week high of $21.10. The share price had its 52-week low at $6.18, which suggests the last value was 49.43% up since then. When we look at Hut 8 Corp’s average trading volume, we note the 10-day average is 4.38 million shares, with the 3-month average coming to 5.08 million.
Analysts gave the Hut 8 Corp (HUT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 1 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended HUT as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight.
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Hut 8 Corp (NASDAQ:HUT) trade information
Instantly HUT was in red as seen in intraday trades today. With action 5.62%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -8.40%, with the 5-day performance at 5.62% in the green. However, in the 30-day time frame, Hut 8 Corp (NASDAQ:HUT) is 17.78% up. Looking at the short shares, we see there were 15.54 million shares sold at short interest cover period of 3.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 12.71% from its recent market value. According to analyst projections, HUT’s forecast low is 8 with 22 as the target high. To hit the forecast high, the stock’s price needs a -80.03% plunge from its current level, while the stock would need to tank 34.53% for it to hit the projected low.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 60.19% of Hut 8 Corp shares while 57.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 144.68%. There are 57.59% institutions holding the Hut 8 Corp stock share, with YOUR ADVOCATES LTD., LLP the top institutional holder. As of 2024-06-30, the company held 0.0023% of the shares, roughly 2000.0 HUT shares worth $29980.0. HUNTINGTON NATIONAL BANK holds the second largest percentage of outstanding shares.
