Hut 8 Corp (NASDAQ:HUT) has a beta value of 3.95 and has seen 1.4 million shares traded in the recent trading session. The company, currently valued at $1.70B, closed the recent trade at $6330000.0 per share which meant it gained $6329983.3 on the day or 1397749% during that session. The HUT stock price is 100.0% off its 52-week high price of $31.95 and 100.0% above the 52-week low of $8.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.71 million shares traded. The 3-month trading volume is 6.33 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.
Hut 8 Corp (NASDAQ:HUT) trade information
Over the past 30 days, the shares of Hut 8 Corp (NASDAQ:HUT) have changed -0.03%. Short interest in the company has seen 15.01 million shares shorted with days to cover at 1.99.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could drop -31649900.0% from the levels at last check today.. The projected low price target is $20.0 while the price target rests at a high of $33.0. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Hut 8 Corp (HUT) estimates and forecasts
The company’s shares have lost -44.78% over the past 6 months.
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.
HUT Dividends
Hut 8 Corp is expected to release its next earnings report on 2025-May-08 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 52.90% of the company shares, while shares held by institutions stand at 63.07% with a share float percentage of 133.90%. Investors are also buoyed by the number of investors in a company, with Hut 8 Corp having a total of 307.0 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 VANGUARD GROUP INC, with the holding of over 5.6 million shares as of 2024-06-30. The firm’s total holdings are worth over $83.99 million and represent 6.2121% of shares outstanding.
