During the recent session, Hut 8 Corp (NASDAQ:HUT)’s traded shares were 2.84 million, with the beta value of the company hitting 3.60. At the last check today, the stock’s price was $28.65, reflecting an intraday gain of 4.87% or $1.33. The 52-week high for the HUT share is $31.95, that puts it down -11.52 from that peak though still a striking 78.43% gain since the share price plummeted to a 52-week low of $6.18. The company’s market capitalization is $2.68B, and the average intraday trading volume over the past 10 days was 8.26 million shares, and the average trade volume was 6.34 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.
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Hut 8 Corp (NASDAQ:HUT) trade information
Hut 8 Corp (HUT) registered a 4.87% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.87% in intraday trading to $28.65, hitting a weekly high. The stock’s 5-day price performance is -5.26%, and it has moved by 15.62% in 30 days. Based on these gigs, the overall price performance for the year is 220.47%. The short interest in Hut 8 Corp (NASDAQ:HUT) is 7.13 million shares and it means that shorts have 0.86 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies a decrease of -104.64% 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 -11.69% off the target high and 72.08% off the low.
While earnings are projected to return 138.48% in 2024.
HUT Dividends
Hut 8 Corp is due to release its next quarterly earnings in January. 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 60.65%, with the float percentage being 146.72%. YOUR ADVOCATES LTD., LLP is the largest shareholder of the company, while 242.0 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.
