With over 12.71 million Hut 8 Corp (HUT) shares trading Friday and a closing price of $14.84 on the day, the dollar volume was approximately $188.61 million. The shares have shown a positive half year performance of 11.58% and its price on 12/22/23 gained nearly 13.37%. Currently, there are 88.96M common shares owned by the public and among those 68.12M shares have been available to trade.
Shares of Hut 8 Corp (NASDAQ: HUT) opened at $13.28, up $0.19 from a prior closing price of $13.09. However, the script later moved the day high at 15.30, up 13.37%. The company’s stock has a 5-day price change of 41.33% and 54.58% over the past three months. HUT shares are trading 249.18% year to date (YTD), with the 12-month market performance up to 229.59% higher. It has a 12-month low price of $3.90 and touched a high of $22.75 over the same period. HUT has an average intraday trading volume of 3.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 43.01%, 43.67%, and 30.84% respectively.
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Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 7.48% of the company’s 88.96M shares outstanding.
It has a market capitalization of $1.32B and a beta (3y monthly) value of 3.00. The earnings-per-share (ttm) stands at -$2.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.82% over the week and 12.94% over the month.
Analysts forecast that Hut 8 Corp (HUT) will achieve an EPS of -$0.06 for the current quarter, -$0.07 for the next quarter and -$0.25 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.9 a year ago. Earnings per share for the fiscal year are expected to increase by 111.20%, and -276.94% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Hut 8 Corp (HUT) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HUT, a number of firms have released research notes about the stock. H.C. Wainwright stated their Neutral rating for the stock in a research note on December 09, 2022, with the firm’s price target at $1.50.
