Currently, there are 93.51M common shares owned by the public and among those 83.37M shares have been available to trade.
The company’s stock has a 5-day price change of -26.52% and 30.91% over the past three months. HUT shares are trading -3.47% year to date (YTD), with the 12-month market performance up to 211.50% higher. It has a 12-month low price of $6.23 and touched a high of $31.95 over the same period. HUT has an average intraday trading volume of 7.29 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 -18.01%, -21.39%, and 27.94% respectively.
Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 57.17% of the company’s 93.51M shares outstanding.
It has a market capitalization of $1.85B and a beta (3y monthly) value of 3.67. The stock’s trailing 12-month PE ratio is 9.86, 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 12.53% over the week and 9.39% over the month.
Earnings per share for the fiscal year are expected to increase by 141.42%, and -93.52% over the next financial year.
Piper Sandler coverage for the Hut 8 Corp (HUT) stock in a research note released on December 17, 2024 offered a Overweight rating with a price target of $33. Cantor Fitzgerald was of a view on December 09, 2024 that the stock is Overweight, while H.C. Wainwright gave the stock Buy rating on August 14, 2024, issuing a price target of $7.50- $13.50. Craig Hallum on their part issued Buy rating on May 16, 2024.
