In the last trading session, 3.18 million Hut 8 Corp (NASDAQ:HUT) shares changed hands as the company’s beta touched 3.84. With the company’s per share price at $12.95 changed hands at $0.33 or 2.61% during last session, the market valuation stood at $1.34B. HUT’s last price was a discount, traded about -146.72% off its 52-week high of $31.95. The share price had its 52-week low at $6.95, which suggests the last value was 46.33% up since then. When we look at Hut 8 Corp’s average trading volume, we note the 10-day average is 4.32 million shares, with the 3-month average coming to 5.20 million.
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 -0.2.
Hut 8 Corp (NASDAQ:HUT) trade information
Instantly HUT was in green as seen at the end of in last trading. With action 12.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -36.80%, with the 5-day performance at 12.80% in the green. However, in the 30-day time frame, Hut 8 Corp (NASDAQ:HUT) is -36.74% down. Looking at the short shares, we see there were 10.26 million shares sold at short interest cover period of 2.45 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 35.25% from its current 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 -147.1% plunge from its current level, while the stock would need to tank 38.22% for it to hit the projected low.
Hut 8 Corp (HUT) estimates and forecasts
Year-over-year growth is forecast to reach 62.47% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 34.49M. 6 analysts are of the opinion that Hut 8 Corp’s revenue for the current quarter will be 58.06M. The company’s revenue for the corresponding quarters a year ago was 51.74M and 35.22M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -33.34%. The estimates for the next quarter sales put growth at 64.86%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 105.42%. The 2025 estimates are for Hut 8 Corp earnings to decrease by -103.64%, but the outlook for the next 5-year period is at -10.02% per year.
HUT Dividends
Hut 8 Corp is expected to release its next quarterly earnings report on 2025-Mar-02.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 52.89% of Hut 8 Corp shares while 60.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 128.95%. There are 60.75% institutions holding the Hut 8 Corp stock share, with MOORE CAPITAL MANAGEMENT, LP the top institutional holder. As of 2024-06-30, the company held 3.4801% of the shares, roughly 3.14 million HUT shares worth $47.05 million.
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 Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 2.55 shares estimated at $33.03 million under it, the former controlled 2.73% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.34% of the shares, roughly 2.19 shares worth around $28.4 million.
