Currently, there are 88.96M common shares owned by the public and among those 82.99M shares have been available to trade.
The company’s stock has a 5-day price change of 1.83% and 116.61% over the past three months. HUT shares are trading 87.71% year to date (YTD), with the 12-month market performance up to 169.25% higher. It has a 12-month low price of $6.18 and touched a high of $28.47 over the same period. HUT has an average intraday trading volume of 5.15 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 31.29%, 69.48%, and 113.64% respectively.
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Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 58.13% of the company’s 88.96M shares outstanding.
It has a market capitalization of $3.60B and a beta (3y monthly) value of 3.45. The stock’s trailing 12-month PE ratio is 12.48, while the earnings-per-share (ttm) stands at $2.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.08% over the week and 10.47% over the month.
Analysts forecast that Hut 8 Corp (HUT) will achieve an EPS of -0.05 for the current quarter, -0.12 for the next quarter and 0.1 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.16 while analysts give the company a high EPS estimate of -0.16. Earnings per share for the fiscal year are expected to increase by 139.63%, and -94.72% 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.
