In the latest trading session,, 2.61 million Hut 8 Corp (NASDAQ:HUT) shares changed hands as the company’s beta touched 3.98. With the company’s most recent per share price at $16.59 changed hands at -$0.54 or -3.15% at last look, the market valuation stands at $1.73B. HUT’s current price is a discount, trading about -92.59% off its 52-week high of $31.95. The share price had its 52-week low at $8.53, which suggests the last value was 48.58% up since then.
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 (NASDAQ:HUT) trade information
Instantly HUT was in red as seen in intraday trades today. With action 6.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -19.03%, with the 5-day performance at 6.89% in the green. However, in the 30-day time frame, Hut 8 Corp (NASDAQ:HUT) is 48.26% up.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 17.05% from its recent market value. According to analyst projections, HUT’s forecast low is 20 with 33 as the target high. To hit the forecast high, the stock’s price needs a -98.92% plunge from its current level, while the stock would need to soar -20.55% for it to hit the projected low.
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 -144.21%.
HUT Dividends
Hut 8 Corp is expected to release its next quarterly earnings report in June.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.2121% or 5.6 million shares worth $83.99 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 2.55 shares estimated at $42.23 million under it, the former controlled 2.45% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.06% of the shares, roughly 2.15 shares worth around $35.53 million.
