Hut 8 Corp (NASDAQ:HUT) has a beta value of 3.34 and has seen 6.52 million shares traded in the last trading session. The company, currently valued at $2.06B, closed the last trade at $16.02 per share which meant it gained $0.23 on the day or 1.46% during that session. The HUT stock price is -31.71% off its 52-week high price of $21.10 and 61.42% 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 6.51 million shares traded. The 3-month trading volume is 4.43 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 -0.47.
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Hut 8 Corp (NASDAQ:HUT) trade information
Sporting 1.46% in the green in last session, 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 $16.02 or saw a rise of 12.89%. Year-to-date, Hut 8 Corp shares have moved 20.09%, while the 5-day performance has seen it change 7.52%. Over the past 30 days, the shares of Hut 8 Corp (NASDAQ:HUT) have changed 36.57%. Short interest in the company has seen 15.15 million shares shorted with days to cover at 4.04.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could drop -14.43% from current levels. 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 current price level is -37.33% off the targeted high while a plunge would see the stock lose 50.06% from current levels.
Hut 8 Corp (HUT) estimates and forecasts
The company’s shares have gained 93.71% over the past 6 months, compared to 10.80% for the industry. Revenue growth from the last financial year stood is estimated to be 147.10%.
5 analysts offering their estimates for the company have set an average revenue estimate of 56.11M for the current quarter. 5 have an estimated revenue figure of 57.24M 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 229.20% for the current quarter and 147.10% for the next.
HUT Dividends
Hut 8 Corp is expected to release its next earnings report in December 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 58.66% of the company shares, while shares held by institutions stand at 56.62% with a share float percentage of 136.97%. Investors are also buoyed by the number of investors in a company, with Hut 8 Corp having a total of 219.0 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.
