Hut 8 Corp (NASDAQ:HUT) has a beta value of 3.67 and has seen 5.66 million shares traded in the recent trading session. The company, currently valued at $1.96B, closed the recent trade at $20.88 per share which meant it lost -$5.16 on the day or -19.82% during that session. The HUT stock price is -53.02% off its 52-week high price of $31.95 and 70.16% above the 52-week low of $6.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.7 million shares traded. The 3-month trading volume is 7.29 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 -19.82% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HUT stock price touched $20.88 or saw a rise of 24.95%. Year-to-date, Hut 8 Corp shares have moved 1.90%, while the 5-day performance has seen it change -22.44%. Over the past 30 days, the shares of Hut 8 Corp (NASDAQ:HUT) have changed -3.56%. Short interest in the company has seen 10.16 million shares shorted with days to cover at 1.38.
Wall Street analysts have a consensus price target for the stock at $15.25, which means that the shares’ value could drop -36.92% 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 -53.26% off the targeted high while a plunge would see the stock lose 61.69% from the levels at last check today.
Hut 8 Corp (HUT) estimates and forecasts
The company’s shares have gained 41.18% over the past 6 months, compared to 9.10% for the industry.
9 analysts offering their estimates for the company have set an average revenue estimate of 38.37M for the current quarter. 8 have an estimated revenue figure of 47.6M 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 55.15% of the company shares, while shares held by institutions stand at 57.33% with a share float percentage of 127.81%. Investors are also buoyed by the number of investors in a company, with Hut 8 Corp having a total of 247.0 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.
The other major institutional holder is HUNTINGTON NATIONAL BANK, with the holding of over 1.0 shares as of 2024-06-30.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Sep 30, 2024 , the former fund manager holds about 2.72% shares in the company for having 2.54 shares of worth $52.08 million while later fund manager owns 2.08 shares of worth $42.61 million as of Oct 31, 2024 , which makes it owner of about 2.22% of company’s outstanding stock.
