In last trading session, Hut 8 Corp (NASDAQ:HUT) saw 7.97 million shares changing hands with its beta currently measuring 4.17. Company’s recent per share price level of $13.39 trading at $0.07 or 0.53% at ring of the bell on the day assigns it a market valuation of $1.39B. That closing price of HUT’s stock is at a discount of -138.61% from its 52-week high price of $31.95 and is indicating a premium of 48.1% from its 52-week low price of $6.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.01 million shares which gives us an average trading volume of 4.84 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.
Hut 8 Corp (NASDAQ:HUT) trade information
Upright in the green during last session for gaining 0.53%, in the last five days HUT remained trading in the green while hitting it’s week-highest on Wednesday, 04/02/25 when the stock touched $13.39 price level, adding 1.76% to its value on the day. Hut 8 Corp’s shares saw a change of -34.65% in year-to-date performance and have moved 3.56% in past 5-day. Hut 8 Corp (NASDAQ:HUT) showed a performance of -4.49% in past 30-days. Number of shares sold short was 10.98 million shares which calculate 2.36 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 32 to the stock, which implies a rise of 58.16% to its current value. Analysts have been projecting 32 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 drop -138.98% in reaching the projected high whereas dropping to the targeted low would mean a loss of -138.98% for stock’s current value.
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 -104.89% while estimates for its earnings growth in next 5 years are of -27.67%.
Hut 8 Corp (NASDAQ:HUT)’s Major holders
Insiders are in possession of 52.86% of company’s total shares while institution are holding 60.58 percent of that, with stock having share float percentage of 128.52%. Investors also watch the number of corporate investors in a company very closely, which is 60.58% institutions for Hut 8 Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at HUT for having 6.27 million shares of worth $94.03 million. And as of 2024-06-30, it was holding 6.955 of the company’s outstanding shares.
The second largest institutional holder is MOORE CAPITAL MANAGEMENT, LP, which was holding about 3.14 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.4801 of outstanding shares, having a total worth of $47.05 million.
