In the latest trading session, 1.18 million Hut 8 Corp (NASDAQ:HUT) shares changed hands as the company’s beta touched 3.80. With the company’s most recent per share price at $16.47 changed hands at -$1.46 or -8.16% at last look, the market valuation stands at $1.54B. HUT’s current price is a discount, trading about -93.99% off its 52-week high of $31.95. The share price had its 52-week low at $6.77, which suggests the last value was 58.89% up since then.
Analysts gave the Hut 8 Corp (HUT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 1 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended HUT as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Hut 8 Corp’s EPS for the current quarter is expected to be 0.8.
Hut 8 Corp (NASDAQ:HUT) trade information
Instantly HUT was in red as seen in intraday trades today. With action -19.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -19.63%, with the 5-day performance at -19.56% in the red. However, in the 30-day time frame, Hut 8 Corp (NASDAQ:HUT) is -35.25% down.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 17.65% from its recent market value. According to analyst projections, HUT’s forecast low is 8 with 32 as the target high. To hit the forecast high, the stock’s price needs a -94.29% plunge from its current level, while the stock would need to tank 51.43% for it to hit the projected low.
Hut 8 Corp (HUT) estimates and forecasts
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 38.41M. 8 analysts are of the opinion that Hut 8 Corp’s revenue for the current quarter will be 47.08M. The estimates for the next quarter sales put growth at -9.00%. The 2025 estimates are for Hut 8 Corp earnings to increase by 142.46%.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
CASTLE HOOK PARTNERS LP holds the second largest percentage of outstanding shares, with 2.7616% or 2.49 million shares worth $37.34 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.54 shares estimated at $41.53 million under it, the former controlled 2.72% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.46% of the shares, roughly 2.3 shares worth around $37.54 million.
