In today’s recent session, 1.18 million shares of the Hut 8 Corp (NASDAQ:HUT) have been traded, and its beta is 3.39. Most recently the company’s share price was $12.40, and it changed around $0.38 or 3.14% from the last close, which brings the market valuation of the company to $1.13B. HUT at last check was trading at a discount to its 52-week high of $21.10, offering almost -70.16% off that amount. The share price’s 52-week low was $6.18, which indicates that the recent value has risen by an impressive 50.16% since then. We note from Hut 8 Corp’s average daily trading volume that its 10-day average is 3.85 million shares, with the 3-month average coming to 4.73 million.
Hut 8 Corp (NASDAQ:HUT) trade information
Instantly HUT has been showing a green trend so far today with a performance of 3.14% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.43 on recent trading dayincreased the stock’s daily price by 0.24%. The company’s shares are currently down -7.06% year-to-date, but still up 1.12% over the last five days. On the other hand, Hut 8 Corp (NASDAQ:HUT) is 37.75% up in the 30-day period. We can see from the shorts that 15.54 million shares have been sold at a short interest cover period of 3.73 day(s).
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The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 11.43% from its current value. Analyst projections state that HUT is forecast to be at a low of $8 and a high of $22.
Hut 8 Corp (HUT) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 68.30% in revenue this quarter, and will report a decrease of -142.10% in the next quarter. The year-over-year growth rate is expected to be 143.10%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 56.19M in revenue for the current quarter. 5 analysts expect Hut 8 Corp to make 56.74M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.05M and 40.03M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 229.60%. Forecasts for the next quarter put sales growth at 41.70%.
HUT Dividends
Hut 8 Corp’s next quarterly earnings report is expected to be released in November.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 60.19% of Hut 8 Corp shares, and 57.58% of them are in the hands of institutional investors. The stock currently has a share float of 144.65%. Hut 8 Corp stock is held by 218.0 institutions, with YOUR ADVOCATES LTD., LLP being the largest institutional investor. By 2024-06-30, it held 0.0023% of the shares, which is about 2000.0 shares worth $29980.0.
