Currently, there are 88.96M common shares owned by the public and among those 80.77M shares have been available to trade.
The company’s stock has a 5-day price change of 12.26% and 23.19% over the past three months. HUT shares are trading 29.01% year to date (YTD), with the 12-month market performance up to 55.75% higher. 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 4.24 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 31.55%, 44.30%, and 59.53% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 56.22% of the company’s 88.96M shares outstanding.
It has a market capitalization of $1.57B and a beta (3y monthly) value of 3.38. The stock’s trailing 12-month PE ratio is 15.66, while the earnings-per-share (ttm) stands at $1.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.06% over the week and 7.99% over the month.
Earnings per share for the fiscal year are expected to increase by 133.55%, and -106.36% over the next financial year.
Looking at the support for the HUT, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on August 14, 2024, with the firm’s price target at $7.50-$13.50. Craig Hallum coverage for the Hut 8 Corp (HUT) stock in a research note released on May 16, 2024 offered a Buy rating with a price target of $12. The Benchmark Company was of a view on April 22, 2024 that the stock is Buy, while Needham gave the stock Buy rating on March 18, 2024, issuing a price target of $12. H.C. Wainwright on their part issued Sell rating on February 06, 2024.
