Institutional Exposure To Hut 8 Corp (HUT)

Hut 8 Corp (HUT) concluded trading on Wednesday at a closing price of $6.77, with 3.4 million shares of worth about $23.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -58.59% during that period and on Wednesday February 7 the price saw a loss of about -1.60%. Currently the company’s common shares owned by public are about 88.96M shares, out of which, 88.65M shares are available for trading.

Stock saw a price change of -9.37% in past 5 days and over the past one month there was a price change of -43.58%. Year-to-date (YTD), HUT shares are showing a performance of -49.25% which decreased to -43.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.05 but also hit the highest price of $22.75 during that period. The average intraday trading volume for Hut 8 Corp shares is 6.12 million. The stock is currently trading -18.16% below its 20-day simple moving average (SMA20), while that difference is down -33.94% for SMA50 and it goes to -41.28% lower than SMA200.

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Hut 8 Corp (NASDAQ: HUT) currently have 88.96M outstanding shares and institutions hold larger chunk of about 7.51% of that.

The stock has a current market capitalization of $602.26M and its 3Y-monthly beta is at 3.03. 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 7.26% while standing at 12.15% over the month.

Analysts are in expectations that Hut 8 Corp (HUT) stock would likely to be making an EPS of $Humana Inc. in the current quarter, while forecast for next quarter EPS is $368.57 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Hilton Worldwide Holdings Inc. which is $HUT 8 CORP 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 $HUTCHMED (China) Limited in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 104.18% while it is estimated to decrease by -414.68% in next year.

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 February 06, 2024 offering a Sell rating for the stock and assigned a target price of $5.50 to it.

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