Hut 8 Corp (HUT) concluded trading on Thursady at a closing price of $8.27, with 5.07 million shares of worth about $41.93 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.71% during that period and on Thursady the price saw a loss of about -5.38%. 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 -19.16% in past 5 days and over the past one month there was a price change of 30.65%. Year-to-date (YTD), HUT shares are showing a performance of -38.01% which decreased to -9.12% 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 6.82 million. The stock is currently trading 1.40% above its 20-day simple moving average (SMA20), while that difference is down -17.23% for SMA50 and it goes to -28.34% lower than SMA200.
Hut 8 Corp (NASDAQ: HUT) currently have 88.96M outstanding shares and institutions hold larger chunk of about 9.55% of that.
The stock has a current market capitalization of $735.70M and its 3Y-monthly beta is at 3.05. 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 10.51% while standing at 10.10% over the month.
Analysts are in expectations that Hut 8 Corp (HUT) stock would likely to be making an EPS of -$0.19 in the current quarter, while forecast for next quarter EPS is -$0.21 and it is -$1.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.35 which is -$0.07 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 -$4.5 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. Coverage by H.C. Wainwright stated Hut 8 Corp (HUT) stock as a Neutral in their note to investors on December 09, 2022, suggesting a price target of $1.50 for the stock. Stock get a Buy rating from Stifel on March 25, 2022.
