Hut 8 Corp (NASDAQ:HUT) has a beta value of 3.85 and has seen 3.36 million shares traded in the recent trading session. The company, currently valued at $1.27B, closed the recent trade at $12.23 per share which meant it gained $0.51 on the day or 4.35% during that session. The HUT stock price is -161.24% off its 52-week high price of $31.95 and 43.17% above the 52-week low of $6.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.38 million shares traded. The 3-month trading volume is 4.66 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 -0.2.
Hut 8 Corp (NASDAQ:HUT) trade information
Sporting 4.35% in the green 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 $12.23 or saw a rise of 12.33%. Year-to-date, Hut 8 Corp shares have moved -40.31%, while the 5-day performance has seen it change -12.33%. Over the past 30 days, the shares of Hut 8 Corp (NASDAQ:HUT) have changed -17.08%. Short interest in the company has seen 10.98 million shares shorted with days to cover at 2.36.
Wall Street analysts have a consensus price target for the stock at $32, which means that the shares’ value could jump 61.78% from the levels at last check today.. The projected low price target is $32.0 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 -161.65% off the targeted high while a plunge would see the stock gain -161.65% from the levels at last check today..
Hut 8 Corp (HUT) estimates and forecasts
The company’s shares have lost -3.17% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 64.49%.
5 analysts offering their estimates for the company have set an average revenue estimate of 36.34M for the current quarter. 6 have an estimated revenue figure of 57.01M for the next ending quarter. Year-ago sales stood 51.74M and 35.22M respectively for this quarter and the next, and analysts expect sales will shrink by -29.77% for the current quarter and 64.49% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 105.42% over the past 5 years. Earnings growth for 2025 is a modest -104.79% while over the next 5 years, the company’s earnings are expected to decrease by -27.67%.
HUT Dividends
Hut 8 Corp is expected to release its next earnings report on 2025-Mar-02 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 52.86% of the company shares, while shares held by institutions stand at 60.68% with a share float percentage of 128.72%. Investors are also buoyed by the number of investors in a company, with Hut 8 Corp having a total of 303.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 6.27 million shares worth more than $94.03 million. As of 2024-06-30, BLACKROCK INC. held 6.955% of shares outstanding.
The other major institutional holder is MOORE CAPITAL MANAGEMENT, LP, with the holding of over 3.14 million shares as of 2024-06-30. The firm’s total holdings are worth over $47.05 million and represent 3.4801% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 2.73% shares in the company for having 2.55 shares of worth $30.73 million while later fund manager owns 2.1 shares of worth $25.25 million as of Feb 28, 2025 , which makes it owner of about 2.24% of company’s outstanding stock.
