During the last session, Hut 8 Corp (NASDAQ:HUT)’s traded shares were 7.35 million, with the beta value of the company hitting 3.37. At the end of the trading day, the stock’s price was $15.79, reflecting an intraday loss of -13.03% or -$2.37. The 52-week high for the HUT share is $21.10, that puts it down -33.63 from that peak though still a striking 60.86% gain since the share price plummeted to a 52-week low of $6.18. The company’s market capitalization is $2.00B, and the average intraday trading volume over the past 10 days was 6.56 million shares, and the average trade volume was 4.39 million shares over the past three months.
Hut 8 Corp (HUT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. HUT has a Sell rating from 1 analyst(s) out of 12 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.46.
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Hut 8 Corp (NASDAQ:HUT) trade information
Hut 8 Corp (HUT) registered a -13.03% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -13.03% in intraday trading to $15.79, hitting a weekly high. The stock’s 5-day price performance is 3.17%, and it has moved by 31.80% in 30 days. Based on these gigs, the overall price performance for the year is 45.53%. The short interest in Hut 8 Corp (NASDAQ:HUT) is 15.15 million shares and it means that shorts have 4.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies a decrease of -12.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $22 respectively. As a result, HUT is trading at a discount of -39.33% off the target high and 49.34% off the low.
Hut 8 Corp (HUT) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 61.70% this quarter and then drop -184.20% in the quarter after that. In the rating firms’ projections, revenue will increase 146.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 55.86M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 56.99M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 17.05M and 40.03M respectively. In this case, analysts expect current quarter sales to grow by 227.70% and then jump by 42.40% in the coming quarter.
While earnings are projected to return 133.55% in 2024.
HUT Dividends
Hut 8 Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Hut 8 Corp insiders own 58.66% of total outstanding shares while institutional holders control 55.68%, with the float percentage being 134.71%. YOUR ADVOCATES LTD., LLP is the largest shareholder of the company, while 216.0 institutions own stock in it. As of 2024-06-30, the company held over 2000.0 shares (or 0.0023% of all shares), a total value of $29980.0 in shares.
