Currently, there are 88.96M common shares owned by the public and among those 80.09M shares have been available to trade.
However, the script later moved the day high at 12.64, up 6.21%. The company’s stock has a 5-day price change of -11.88% and 39.10% over the past three months. HUT shares are trading -7.72% year to date (YTD), with the 12-month market performance down to -20.84% lower. It has a 12-month low price of $6.18 and touched a high of $21.10 over the same period. HUT has an average intraday trading volume of 5.46 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 -25.60%, -10.84%, and 16.62% respectively.
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Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 30.81% of the company’s 88.96M shares outstanding.
It has a market capitalization of $1.11B and a beta (3y monthly) value of 3.40. The stock’s trailing 12-month PE ratio is 7.63, while the earnings-per-share (ttm) stands at $1.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.36% over the week and 12.38% over the month.
Earnings per share for the fiscal year are expected to increase by 160.94%, and -90.90% over the next financial year.
Looking at the support for the HUT, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on May 16, 2024, with the firm’s price target at $12. The Benchmark Company coverage for the Hut 8 Corp (HUT) stock in a research note released on April 22, 2024 offered a Buy rating with a price target of $12. Needham was of a view on March 18, 2024 that the stock is Buy, while H.C. Wainwright gave the stock Sell rating on February 06, 2024, issuing a price target of $5.50. H.C. Wainwright on their part issued Neutral rating on December 09, 2022.
