Hut 8 Corp (HUT) concluded trading on Tuesday at a closing price of $20.49, with 4.18 million shares of worth about $85.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.76% during that period and on December 31, 2024 the price saw a loss of about -4.74%. Currently the company’s common shares owned by public are about 93.51M shares, out of which, 83.36M shares are available for trading.
Stock saw a price change of -5.36% in past 5 days and over the past one month there was a price change of -26.87%. Year-to-date (YTD), HUT shares are showing a performance of 53.60% which increased to 53.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.18 but also hit the highest price of $31.95 during that period. The average intraday trading volume for Hut 8 Corp shares is 6.80 million. The stock is currently trading -19.74% below its 20-day simple moving average (SMA20), while that difference is down -10.02% for SMA50 and it goes to 43.95% higher than SMA200.
Hut 8 Corp (NASDAQ: HUT) currently have 93.51M outstanding shares and institutions hold larger chunk of about 58.06% of that.
The stock has a current market capitalization of $1.92B and its 3Y-monthly beta is at 3.63. PE ratio of stock for trailing 12 months is 10.21, while it has posted earnings per share of $2.01 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.49. 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 8.25% while standing at 10.75% over the month.
Analysts are in expectations that Hut 8 Corp (HUT) stock would likely to be making an EPS of -0.1 in the current quarter, while forecast for next quarter EPS is -0.14 and it is 0.07 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.19 which is 0.06 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 139.26% while it is estimated to decrease by -76.70% 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 Piper Sandler on December 17, 2024 offering an Overweight rating for the stock and assigned a target price of $33 to it. Coverage by Cantor Fitzgerald stated Hut 8 Corp (HUT) stock as an Overweight in their note to investors on December 09, 2024, suggesting a price target of $35 for the stock. On August 14, 2024, H.C. Wainwright Upgrade their recommendations, while on May 16, 2024, Craig Hallum Upgrade their ratings for the stock with a price target of $12. Stock get a Buy rating from The Benchmark Company on April 22, 2024.
