In last trading session, Hut 8 Corp (NASDAQ:HUT) saw 3.86 million shares changing hands with its beta currently measuring 3.84. Company’s recent per share price level of $12.15 trading at $0.27 or 2.27% at ring of the bell on the day assigns it a market valuation of $1.26B. That closing price of HUT’s stock is at a discount of -162.96% from its 52-week high price of $31.95 and is indicating a premium of 44.28% from its 52-week low price of $6.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.08 million shares which gives us an average trading volume of 5.56 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 -0.2 in the current quarter.
Hut 8 Corp (NASDAQ:HUT) trade information
Upright in the green during last session for gaining 2.27%, in the last five days HUT remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $12.15 price level, adding 15.92% to its value on the day. Hut 8 Corp’s shares saw a change of -40.70% in year-to-date performance and have moved -18.57% in past 5-day. Hut 8 Corp (NASDAQ:HUT) showed a performance of -41.61% in past 30-days. Number of shares sold short was 10.26 million shares which calculate 2.45 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 39.25% to its current value. 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 34.16% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.16% for stock’s current value.
Hut 8 Corp (HUT) estimates and forecasts
This year revenue growth is estimated to rise 62.47% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 34.49M for the same. And 6 analysts are in estimates of company making revenue of 58.06M in the next quarter. Company posted 51.74M and 35.22M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 105.42% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -103.64% while estimates for its earnings growth in next 5 years are of -10.02%.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Insiders are in possession of 52.89% of company’s total shares while institution are holding 60.65 percent of that, with stock having share float percentage of 128.74%. Investors also watch the number of corporate investors in a company very closely, which is 60.65% institutions for Hut 8 Corp that are currently holding shares of the company. MOORE CAPITAL MANAGEMENT, LP is the top institutional holder at HUT for having 3.14 million shares of worth $47.05 million. And as of 2024-06-30, it was holding 3.4801 of the company’s outstanding shares.
The second largest institutional holder is CASTLE HOOK PARTNERS LP, which was holding about 2.49 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.7616 of outstanding shares, having a total worth of $37.34 million.
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 Dec 31, 2024 , the former fund manager was holding 2.55 shares of worth $30.98 million or 2.73% of the total outstanding shares. The later fund manager was in possession of 2.19 shares on Dec 31, 2024 , making its stake of worth around $26.65 million in the company or a holder of 2.34% of company’s stock.
