During the last session, Hut 8 Corp (NASDAQ:HUT)’s traded shares were 8.76 million, with the beta value of the company hitting 3.46. At the end of the trading day, the stock’s price was $23.48, reflecting an intraday loss of -4.01% or -$0.98. The 52-week high for the HUT share is $28.47, that puts it down -21.25 from that peak though still a striking 73.68% gain since the share price plummeted to a 52-week low of $6.18. The company’s market capitalization is $3.07B, and the average intraday trading volume over the past 10 days was 9.25 million shares, and the average trade volume was 5.35 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 -0.05.
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
Hut 8 Corp (HUT) registered a -4.01% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -4.01% in intraday trading to $23.48, hitting a weekly high. The stock’s 5-day price performance is 1.47%, and it has moved by 55.39% in 30 days. Based on these gigs, the overall price performance for the year is 147.16%. The short interest in Hut 8 Corp (NASDAQ:HUT) is 12.73 million shares and it means that shorts have 2.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies a decrease of -67.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $32 respectively. As a result, HUT is trading at a discount of -36.29% off the target high and 65.93% off the low.
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 39.28M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 45.81M by the end of current fiscal year.
While earnings are projected to return 139.63% 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 60.61%, with the float percentage being 146.63%. YOUR ADVOCATES LTD., LLP is the largest shareholder of the company, while 241.0 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.
