In the last trading session, 7.43 million shares of the Hut 8 Corp (NASDAQ:HUT) were traded, and its beta was 3.46. Most recently the company’s share price was $25.26, and it changed around $2.12 or 9.16% from the last close, which brings the market valuation of the company to $3.63B. HUT currently trades at a discount to its 52-week high of $28.47, offering almost -12.71% off that amount. The share price’s 52-week low was $6.18, which indicates that the current value has risen by an impressive 75.53% since then. We note from Hut 8 Corp’s average daily trading volume that its 10-day average is 8.69 million shares, with the 3-month average coming to 5.10 million.
Hut 8 Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended HUT as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Hut 8 Corp is expected to report earnings per share of -0.05 for the current quarter.
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Hut 8 Corp (NASDAQ:HUT) trade information
Instantly HUT has showed a green trend with a performance of 9.16% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 28.47 on recent trading dayincreased the stock’s daily price by 11.28%. The company’s shares are currently up 89.36% year-to-date, but still up 28.98% over the last five days. On the other hand, Hut 8 Corp (NASDAQ:HUT) is 99.37% up in the 30-day period. We can see from the shorts that 12.73 million shares have been sold at a short interest cover period of 2.65 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to decrease their stock price by -80.43% from its current value. Analyst projections state that HUT is forecast to be at a low of $8 and a high of $32.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 39.28M in revenue for the current quarter. 5 analysts expect Hut 8 Corp to make 45.81M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -11.45%.
HUT Dividends
Hut 8 Corp’s next quarterly earnings report is expected to be released in December.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 58.66% of Hut 8 Corp shares, and 60.62% of them are in the hands of institutional investors. The stock currently has a share float of 146.64%. Hut 8 Corp stock is held by 240.0 institutions, with YOUR ADVOCATES LTD., LLP being the largest institutional investor. By 2024-06-30, it held 0.0023% of the shares, which is about 2000.0 shares worth $29980.0.
