Hut 8 Corp (NASDAQ:HUT) currently has a daily average trading volume of 5.35M but it saw 8757377 shares traded in last market. With a market cap of 3.07B USD, the company’s current market price of $23.48 came falling about -4.01 while comparing to the previous closing price of $24.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $28.47 and as low as $6.18. In the recent trading on the day, stock has struck highest price mark of $22.54 while lowest mark touched by it was $26.32.
Taking a look at 20-day trading activity of Hut 8 Corp (HUT) gives us an average price of $20.43, while its current price level is -17.53% below from 52-week high level whereas it is 279.94% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.60 while that of 200 days or SMA-200 reads an average of $11.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.39% during that period while stretching the period over a month that increases to 10.82%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.96 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the H.C. Wainwright which upgraded the stock as “Buy” in its note to investors issued on August 14, 2024, recommending a price target of between $7.50 and $13.50 for it. Craig Hallum upgraded its recommendation for the stock as a “Buy” from “Hold” on May 16, 2024 while assigning a price target of $12. The Benchmark Company issued its recommendations for the stock as it initiated the price target for the stock is $12.
Over the week, HUT’s stock price is moving 1.47% up while it is 55.39% when we observe its performance for the past one month. Year-to-date it is 76.01% up and over the past year, the stock is showing an upside performance of 147.16%.
The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.05 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $45.81M as analysts are expecting the sales for current fiscal year at $169.84M and seeing the company making $273.77M in sales next year. Moreover, analysts are in estimates of $39.28M for current-quarter revenue.
Currently, Hut 8 Corp’s total number of outstanding shares is 88.96M with 58.67% of that held by the insiders while 60.61% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 19.51% and return on equity (ROE) at 40.01%. It has a price to earnings ratio (P/E ratio) of 11.70 while having a 239.59 of forward P/E ratio. Stock’s beta reads 3.46. Stock has a price to book (P/B) ratio of 3.12 while price to sale or P/S ratio amounts to 18.10. Its return on asset (ROA) is 27.22% on average.
