Hut 8 Corp (NASDAQ:HUT) has a beta value of 3.66 and has seen 2.67 million shares traded in the recent trading session. The company, currently valued at $2.44B, closed the recent trade at $26.07 per share which meant it gained $1.91 on the day or 7.91% during that session. The HUT stock price is -22.55% off its 52-week high price of $31.95 and 76.29% above the 52-week low of $6.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.0 million shares traded. The 3-month trading volume is 6.88 million shares.
The consensus among analysts is that Hut 8 Corp (HUT) is Buy stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 12 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.1.
Hut 8 Corp (NASDAQ:HUT) trade information
Sporting 7.91% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HUT stock price touched $26.07 or saw a fall of -1.48%. Year-to-date, Hut 8 Corp shares have moved 27.23%, while the 5-day performance has seen it change 16.80%. Over the past 30 days, the shares of Hut 8 Corp (NASDAQ:HUT) have changed -3.55%. Short interest in the company has seen 7.98 million shares shorted with days to cover at 0.91.
Wall Street analysts have a consensus price target for the stock at $15.25, which means that the shares’ value could drop -70.95% from the levels at last check today. The projected low price target is $8.0 while the price target rests at a high of $32.0. In that case, then, we find that the latest price level in today’s session is -22.75% off the targeted high while a plunge would see the stock lose 69.31% from the levels at last check today.
Hut 8 Corp (HUT) estimates and forecasts
The company’s shares have gained 49.14% over the past 6 months, compared to 8.60% for the industry.
9 analysts offering their estimates for the company have set an average revenue estimate of 39.08M for the current quarter. 8 have an estimated revenue figure of 48.1M for the next ending quarter.
HUT Dividends
Hut 8 Corp is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Insiders own 58.66% of the company shares, while shares held by institutions stand at 60.72% with a share float percentage of 146.90%. Investors are also buoyed by the number of investors in a company, with Hut 8 Corp having a total of 240.0 institutions that hold shares in the company. The top two institutional holders are YOUR ADVOCATES LTD., LLP with over 2000.0 shares worth more than $29980.0. As of 2024-06-30, YOUR ADVOCATES LTD., LLP held 0.0023% of shares outstanding.
