Currently, there are 93.51M common shares owned by the public and among those 83.36M shares have been available to trade.
The company’s stock has a 5-day price change of 6.84% and 154.47% over the past three months. HUT shares are trading 117.84% year to date (YTD), with the 12-month market performance up to 202.39% higher. It has a 12-month low price of $6.18 and touched a high of $31.95 over the same period. HUT has an average intraday trading volume of 6.43 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 9.76%, 42.16%, and 116.42% respectively.
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Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 58.11% of the company’s 93.51M shares outstanding.
It has a market capitalization of $2.72B and a beta (3y monthly) value of 3.60. The stock’s trailing 12-month PE ratio is 14.48, 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 11.47% over the week and 11.49% over the month.
Earnings per share for the fiscal year are expected to increase by 138.48%, and -89.78% over the next financial year.
Looking at the support for the HUT, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on December 09, 2024, with the firm’s price target at $35. H.C. Wainwright coverage for the Hut 8 Corp (HUT) stock in a research note released on August 14, 2024 offered a Buy rating with a price target of $13.50. Craig Hallum was of a view on May 16, 2024 that the stock is Buy, while The Benchmark Company gave the stock Buy rating on April 22, 2024, issuing a price target of $12. Needham on their part issued Buy rating on March 18, 2024.
