In last trading session, Hut 8 Corp (NASDAQ:HUT) saw 11.55 million shares changing hands with its beta currently measuring 3.40. Company’s recent per share price level of $18.59 trading at $1.85 or 11.05% at ring of the bell on the day assigns it a market valuation of $2.34B. That closing price of HUT’s stock is at a discount of -13.5% from its 52-week high price of $21.10 and is indicating a premium of 66.76% from its 52-week low price of $6.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.09 million shares which gives us an average trading volume of 4.45 million if we extend that period to 3-months.
For Hut 8 Corp (HUT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 12 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.46 in the current quarter.
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Hut 8 Corp (NASDAQ:HUT) trade information
Upright in the green during last session for gaining 11.05%, in the last five days HUT remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $18.59 price level, adding 6.21% to its value on the day. Hut 8 Corp’s shares saw a change of 39.36% in year-to-date performance and have moved 2.40% in past 5-day. Hut 8 Corp (NASDAQ:HUT) showed a performance of 64.01% in past 30-days. Number of shares sold short was 15.15 million shares which calculate 4.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a fall of -32.79% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 22. It follows that stock’s current price would jump 56.97% in reaching the projected high whereas dropping to the targeted low would mean a gain of 56.97% for stock’s current value.
Hut 8 Corp (HUT) estimates and forecasts
This year revenue growth is estimated to rise 144.70% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 55.56M for the same. And 5 analysts are in estimates of company making revenue of 56.68M in the next quarter. Company posted 17.05M and 40.03M of sales in current and next quarters respectively a year earlier.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Insiders are in possession of 58.66% of company’s total shares while institution are holding 57.40 percent of that, with stock having share float percentage of 138.87%. Investors also watch the number of corporate investors in a company very closely, which is 57.40% institutions for Hut 8 Corp that are currently holding shares of the company. YOUR ADVOCATES LTD., LLP is the top institutional holder at HUT for having 2000.0 shares of worth $29980.0. And as of 2024-06-30, it was holding 0.0023 of the company’s outstanding shares.
