In the last trading session, 13.57 million Hut 8 Corp (NASDAQ:HUT) shares changed hands as the company’s beta touched 3.41. With the company’s per share price at $24.59 changed hands at $5.01 or 25.56% during last session, the market valuation stood at $3.21B. HUT’s last price was a premium, traded about 14.19% off its 52-week high of $21.10. The share price had its 52-week low at $6.18, which suggests the last value was 74.87% up since then. When we look at Hut 8 Corp’s average trading volume, we note the 10-day average is 6.87 million shares, with the 3-month average coming to 4.60 million.
Analysts gave the Hut 8 Corp (HUT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 1 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended HUT as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Hut 8 Corp’s EPS for the current quarter is expected to be -0.46.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Hut 8 Corp (NASDAQ:HUT) trade information
Instantly HUT was in green as seen at the end of in last trading. With action 58.03%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 84.33%, with the 5-day performance at 58.03% in the green. However, in the 30-day time frame, Hut 8 Corp (NASDAQ:HUT) is 109.81% up. Looking at the short shares, we see there were 15.15 million shares sold at short interest cover period of 4.04 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need a downside of -75.64% from its current market value. According to analyst projections, HUT’s forecast low is 8 with 22 as the target high. To hit the forecast high, the stock’s price needs a 10.53% surge from its current level, while the stock would need to tank 67.47% for it to hit the projected low.
Hut 8 Corp (HUT) estimates and forecasts
Year-over-year growth is forecast to reach 139.90% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 53.49M. 5 analysts are of the opinion that Hut 8 Corp’s revenue for the current quarter will be 53.48M. The company’s revenue for the corresponding quarters a year ago was 17.05M and 40.03M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 213.80%. The estimates for the next quarter sales put growth at 33.60%.
The 2024 estimates are for Hut 8 Corp earnings to increase by 133.61%.
HUT Dividends
Hut 8 Corp is expected to release its next quarterly earnings report in December.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 58.66% of Hut 8 Corp shares while 57.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 139.07%. There are 57.48% institutions holding the Hut 8 Corp stock share, with YOUR ADVOCATES LTD., LLP the top institutional holder. As of 2024-06-30, the company held 0.0023% of the shares, roughly 2000.0 HUT shares worth $29980.0.
HUNTINGTON NATIONAL BANK holds the second largest percentage of outstanding shares.
