In the last trading session, 5.38 million shares of the Hut 8 Corp (NASDAQ:HUT) were traded, and its beta was 3.60. Most recently the company’s share price was $25.62, and it changed around -$1.58 or -5.81% from the last close, which brings the market valuation of the company to $2.40B. HUT currently trades at a discount to its 52-week high of $31.95, offering almost -24.71% off that amount. The share price’s 52-week low was $6.18, which indicates that the current value has risen by an impressive 75.88% since then. We note from Hut 8 Corp’s average daily trading volume that its 10-day average is 7.69 million shares, with the 3-month average coming to 6.03 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 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended HUT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
Hut 8 Corp (NASDAQ:HUT) trade information
Instantly HUT has showed a red trend with a performance of -5.81% 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 31.95 on recent trading dayincreased the stock’s daily price by 19.81%. The company’s shares are currently up 92.05% year-to-date, but still up 2.23% over the last five days. On the other hand, Hut 8 Corp (NASDAQ:HUT) is 30.81% up in the 30-day period. We can see from the shorts that 7.13 million shares have been sold at a short interest cover period of 0.86 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 -83.0% from its current value. Analyst projections state that HUT is forecast to be at a low of $8 and a high of $32.
HUT Dividends
Hut 8 Corp’s next quarterly earnings report is expected to be released in January.
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 60.65% of them are in the hands of institutional investors. The stock currently has a share float of 146.72%. Hut 8 Corp stock is held by 242.0 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.
