Hut 8 Corp (NASDAQ:HUT) has a beta value of 3.38 and has seen 0.76 million shares traded in the recent trading session. The company, currently valued at $1.09B, closed the recent trade at $12.02 per share which meant it gained $0.3 on the day or 2.56% during that session. The HUT stock price is -75.54% off its 52-week high price of $21.10 and 48.59% above the 52-week low of $6.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.96 million shares traded. The 3-month trading volume is 4.48 million shares.
The consensus among analysts is that Hut 8 Corp (HUT) is Buy stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 12 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.38.
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Hut 8 Corp (NASDAQ:HUT) trade information
Sporting 2.56% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HUT stock price touched $12.02 or saw a rise of 3.61%. Year-to-date, Hut 8 Corp shares have moved -9.90%, while the 5-day performance has seen it change 2.56%. Over the past 30 days, the shares of Hut 8 Corp (NASDAQ:HUT) have changed 6.94%. Short interest in the company has seen 15.8 million shares shorted with days to cover at 3.86.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could jump 14.14% from the levels at last check today.. The projected low price target is $8.0 while the price target rests at a high of $22.0. In that case, then, we find that the latest price level in today’s session is -83.03% off the targeted high while a plunge would see the stock lose 33.44% from the levels at last check today..
Hut 8 Corp (HUT) estimates and forecasts
The company’s shares have gained 66.02% over the past 6 months, compared to 8.20% for the industry. Revenue growth from the last financial year stood is estimated to be 146.40%.
5 analysts offering their estimates for the company have set an average revenue estimate of 56.96M for the current quarter. 5 have an estimated revenue figure of 57.53M for the next ending quarter. Year-ago sales stood 17.05M and 40.03M respectively for this quarter and the next, and analysts expect sales will grow by 234.20% for the current quarter and 146.40% for the next.
HUT Dividends
Hut 8 Corp is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Insiders own 60.15% of the company shares, while shares held by institutions stand at 57.15% with a share float percentage of 143.43%. Investors are also buoyed by the number of investors in a company, with Hut 8 Corp having a total of 216.0 institutions that hold shares in the company. The top two institutional holders are YOUR ADVOCATES LTD., LLP with over 2000.0 shares worth more than $29980.0. As of 2024-06-30, YOUR ADVOCATES LTD., LLP held 0.0023% of shares outstanding.
The other major institutional holder is HUNTINGTON NATIONAL BANK, with the holding of over 1.0 shares as of 2024-06-30.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.79% shares in the company for having 2.54 shares of worth $30.9 million while later fund manager owns 2.16 shares of worth $26.32 million as of Aug 31, 2024 , which makes it owner of about 2.38% of company’s outstanding stock.
