In recent trading session, Hut 8 Corp (NASDAQ:HUT) saw 1.39 million shares changing hands at last check today with its beta currently measuring 3.66. Company’s recent per share price level of $22.93 trading at -$0.57 or -2.43% at last check today assigns it a market valuation of $2.15B. That most recent trading price of HUT’s stock is at a discount of -39.34% from its 52-week high price of $31.95 and is indicating a premium of 73.05% from its 52-week low price of $6.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.9 million shares which gives us an average trading volume of 7.06 million if we extend that period to 3-months.
For Hut 8 Corp (HUT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 12 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.1 in the current quarter.
Hut 8 Corp (NASDAQ:HUT) trade information
Upright in the red during last session for losing -2.43%, in the last five days HUT remained trading in the green while hitting it’s week-highest on Tuesday, 01/07/25 when the stock touched $22.93 price level, adding 15.67% to its value on the day. Hut 8 Corp’s shares saw a change of 11.90% in year-to-date performance and have moved 4.75% in past 5-day. Hut 8 Corp (NASDAQ:HUT) showed a performance of -15.70% in past 30-days. Number of shares sold short was 7.98 million shares which calculate 0.91 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15.25 to the stock, which implies a fall of -50.36% to its recent value today. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 32. It follows that stock’s current price would jump 65.11% in reaching the projected high whereas dropping to the targeted low would mean a gain of 65.11% for stock’s current value.
Hut 8 Corp (HUT) estimates and forecasts
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 38.92M for the same. And 8 analysts are in estimates of company making revenue of 47.72M in the next quarter.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Insiders are in possession of 55.15% of company’s total shares while institution are holding 57.71 percent of that, with stock having share float percentage of 128.67%. Investors also watch the number of corporate investors in a company very closely, which is 57.71% institutions for Hut 8 Corp that are currently holding shares of the company. YOUR ADVOCATES LTD., LLP is the top institutional holder at HUT for having 2000.0 shares of worth $29980.0. And as of 2024-06-30, it was holding 0.0023 of the company’s outstanding shares.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 2.54 shares of worth $57.98 million or 2.72% of the total outstanding shares. The later fund manager was in possession of 2.08 shares on Oct 31, 2024, making its stake of worth around $47.43 million in the company or a holder of 2.22% of company’s stock.
