In today’s recent session, 1.38 million shares of the Hut 8 Corp (NASDAQ:HUT) have been traded, and its beta is 3.62. Most recently the company’s share price was $21.11, and it changed around -$1.21 or -5.42% from the last close, which brings the market valuation of the company to $1.98B. HUT at last check was trading at a discount to its 52-week high of $31.95, offering almost -51.35% off that amount. The share price’s 52-week low was $6.18, which indicates that the recent value has risen by an impressive 70.72% since then. We note from Hut 8 Corp’s average daily trading volume that its 10-day average is 7.01 million shares, with the 3-month average coming to 6.81 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 9 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 0 recommended HUT as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Hut 8 Corp is expected to report earnings per share of -0.1 for the current quarter.
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Hut 8 Corp (NASDAQ:HUT) trade information
Instantly HUT has been showing red trend so far today with a performance of -5.42% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 24.63 on recent trading dayincreased the stock’s daily price by 14.29%. The company’s shares are currently up 58.25% year-to-date, but still down -10.85% over the last five days. On the other hand, Hut 8 Corp (NASDAQ:HUT) is -25.80% down in the 30-day period. We can see from the shorts that 7.98 million shares have been sold at a short interest cover period of 0.91 day(s).
The consensus price target as assigned by Wall Street analysts is $15.25, which translates to bulls needing to decrease their stock price by -38.43% from its current value. Analyst projections state that HUT is forecast to be at a low of $8 and a high of $32.
Hut 8 Corp (HUT) estimates and forecasts
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 39.08M in revenue for the current quarter. 8 analysts expect Hut 8 Corp to make 48.1M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -7.04%.
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 60.72% of them are in the hands of institutional investors. The stock currently has a share float of 146.89%. Hut 8 Corp stock is held by 241.0 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 2.54 shares worth $53.74 million, making up 2.72% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.08 shares worth around $43.96 million, which represents about 2.22% of the total shares outstanding.
