During the last session, Hut 8 Corp (NASDAQ:HUT)’s traded shares were 10.49 million, with the beta value of the company hitting 3.94. At the end of the trading day, the stock’s price was $14.17, reflecting an intraday gain of 11.93% or $1.51. The 52-week high for the HUT share is $31.95, that puts it down -125.48 from that peak though still a striking 45.87% gain since the share price plummeted to a 52-week low of $7.67. The company’s market capitalization is $1.48B, and the average trade volume was 4.89 million shares over the past three months.
Hut 8 Corp (HUT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. HUT has a Sell rating from 1 analyst(s) out of 12 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.
Hut 8 Corp (NASDAQ:HUT) trade information
Hut 8 Corp (HUT) registered a 11.93% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.93% in intraday trading to $14.17, hitting a weekly high. The stock’s 5-day price performance is 4.89%, and it has moved by 27.89% in 30 days. Based on these gigs, the overall price performance for the year is 60.11%.
The consensus price target of analysts on Wall Street is $26, which implies an increase of 45.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $33 respectively. As a result, HUT is trading at a discount of -132.89% off the target high and -41.14% off the low.
Hut 8 Corp (HUT) estimates and forecasts
In the rating firms’ projections, revenue will increase 56.86% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 54.36M as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 78.36M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 35.22M and 43.73M respectively. In this case, analysts expect current quarter sales to grow by 54.35% and then jump by 79.18% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 105.42%. While earnings are projected to return -119.16% in 2025.
HUT Dividends
Hut 8 Corp is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 5.6 million shares, is of VANGUARD GROUP INC’s that is approximately 6.2121% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $83.99 million.
Also, the Mutual Funds coming in first place with the largest holdings of Hut 8 Corp (HUT) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 2.55 shares. This amounts to just over 2.45 percent of the company’s overall shares, with a $36.14 million market value. The same data shows that the other fund manager holds slightly less at 2.15, or about 2.06% of the stock, which is worth about $30.4 million.
