Currently, there are 99.48M common shares owned by the public and among those 92.16M shares have been available to trade.
The company’s stock has a 5-day price change of 3.16% and -52.10% over the past three months. HUT shares are trading -44.22% year to date (YTD), with the 12-month market performance up to 48.06% 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 5.05 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 -7.68%, -22.92%, and -33.02% respectively.
Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 58.92% of the company’s 99.48M shares outstanding.
It has a market capitalization of $1.19B and a beta (3y monthly) value of 4.12. The stock’s trailing 12-month PE ratio is 3.34, 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 10.77% over the week and 9.65% over the month.
Earnings per share for the fiscal year are expected to decrease by -108.95%, and 220.15% over the next financial year. EPS should shrink at an annualized rate of -28.29% 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. BTIG Research stated their Buy rating for the stock in a research note on April 14, 2025, with the firm’s price target at $18. Rosenblatt coverage for the Hut 8 Corp (HUT) stock in a research note released on March 07, 2025 offered a Buy rating with a price target of $23. Keefe Bruyette was of a view on January 08, 2025 that the stock is Outperform, while Piper Sandler gave the stock Overweight rating on December 17, 2024, issuing a price target of $33. Cantor Fitzgerald on their part issued Overweight rating on December 09, 2024.
