Hut 8 Corp (HUT) concluded trading on 12/13/23 at a closing price of $8.94, with 4.21 million shares of worth about $37.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.45% during that period and on Wednesday the price saw a gain of about 6.11%. Currently the company’s common shares owned by public are about 44.11M shares, out of which, 34.20M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the HUT stock and their offered price forecasts bring an average price target of $11.93. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.50 and could fall to a lowest price of $8.30. The stock’s current price level is 25.06% above of average price target set by the analysts, while a rise to estimated low would result in loss of -7.71% for the stock. However, touching the estimated high of $17.50 would mean a gain of 48.91% for the stock.
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Hut 8 Corp (NASDAQ: HUT) started trading at $8.36, below -$0.07 from concluding price of the previous day. Stock saw a price change of -11.57% in past 5 days and over the past one month there was a price change of -11.92%. Year-to-date (YTD), HUT shares are showing a performance of 110.35% which increased to 77.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.90 but also hit the highest price of $22.75 during that period. The average intraday trading volume for Hut 8 Corp shares is 2.53 million. The stock is currently trading -8.77% below its 20-day simple moving average (SMA20), while that difference is down -11.55% for SMA50 and it goes to -20.36% lower than SMA200.
Hut 8 Corp (NASDAQ: HUT) currently have 44.11M outstanding shares and institutions hold larger chunk of about 15.02% of that.
The stock has a current market capitalization of $396.40M and its 3Y-monthly beta is at 2.95. It has posted earnings per share of -$2.75 in the same period. It has Quick Ratio of 4.61 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HUT, volatility over the week remained 10.45% while standing at 11.06% over the month.
Analysts are in expectations that Hut 8 Corp (HUT) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter EPS is -$0.07 and it is -$0.25 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.9 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 111.20% while it is estimated to decrease by -276.94% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Hut 8 Corp (HUT)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on December 09, 2022 offering a Neutral rating for the stock and assigned a target price of $1.50 to it.
