Hut 8 Corp (NASDAQ:HUT)’s traded shares stood at 4.95 million during the last session, with the company’s beta value hitting 3.39. At the close of trading, the stock’s price was $15.11, to imply a decrease of -3.51% or -$0.55 in intraday trading. The HUT share’s 52-week high remains $21.10, putting it -39.64% down since that peak but still an impressive 59.1% since price per share fell to its 52-week low of $6.18. The company has a valuation of $1.38B, with an average of 4.98 million shares in intraday trading volume over the past 10 days and average of 4.33 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Hut 8 Corp (HUT), translating to a mean rating of 1.00. Of 12 analyst(s) looking at the stock, 1 analyst(s) give HUT a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.46.
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Hut 8 Corp (NASDAQ:HUT) trade information
After registering a -3.51% downside in the last session, Hut 8 Corp (HUT) has traded red over the past five days. The 5-day price performance for the stock is 17.13%, and 20.88% over 30 days. With these gigs, the year-to-date price performance is 13.27%. Short interest in Hut 8 Corp (NASDAQ:HUT) saw shorts transact 15.8 million shares and set a 3.86 days time to cover.
The extremes give us $8 and $22 for target low and target high price respectively. As such, HUT has been trading -45.6% off suggested target high and 47.05% from its likely low.
Hut 8 Corp (HUT) estimates and forecasts
Revenue is forecast to grow 61.70% this quarter before falling -184.20% for the next one. The rating firms project that company’s revenue will grow 144.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 55.49M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 56.61M.Earnings reports from the last fiscal year show that sales brought in 17.05M and 40.03M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 225.50% before jumping 41.40% in the following quarter.
HUT Dividends
Hut 8 Corp has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Hut 8 Corp insiders hold 60.15% of total outstanding shares, with institutional holders owning 57.02% of the shares at 143.09% float percentage. In total, 57.02% institutions holds shares in the company, led by YOUR ADVOCATES LTD., LLP. As of 2024-06-30, the company held over 2000.0 shares (or 0.0023% of shares), all amounting to roughly $29980.0.
The next major institution holding the largest number of shares is HUNTINGTON NATIONAL BANK with 1.0 shares. As of the market price on 2024-06-30, these shares were worth $2.0.
