Currently, there are 99.48M common shares owned by the public and among those 92.43M shares have been available to trade.
The company’s stock has a 5-day price change of -16.70% and -51.36% over the past three months. HUT shares are trading -43.29% year to date (YTD), with the 12-month market performance up to 17.85% higher. It has a 12-month low price of $6.95 and touched a high of $31.95 over the same period. HUT has an average intraday trading volume of 4.66 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 -9.15%, -32.73%, and -32.08% respectively.
Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 58.85% of the company’s 99.48M shares outstanding.
It has a market capitalization of $1.21B and a beta (3y monthly) value of 3.85. The stock’s trailing 12-month PE ratio is 3.40, while the earnings-per-share (ttm) stands at $3.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.97% over the week and 8.47% over the month.
Analysts forecast that Hut 8 Corp (HUT) will achieve an EPS of -0.2 for the current quarter, -0.01 for the next quarter and 0.62 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.2 while analysts give the company a high EPS estimate of -0.2. Comparatively, EPS for the current quarter was 2.87 a year ago. Earnings per share for the fiscal year are expected to decrease by -104.79%, and 461.83% over the next financial year. EPS should shrink at an annualized rate of -27.67% over the next five years, compared to 105.42% over the past 5-year period.
Looking at the support for the HUT, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on March 07, 2025, with the firm’s price target at $23. Piper Sandler was of a view on December 17, 2024 that the stock is Overweight, while Cantor Fitzgerald gave the stock Overweight rating on December 09, 2024, issuing a price target of $35. H.C. Wainwright on their part issued Buy rating on August 14, 2024.
