Hut 8 Corp (NASDAQ:HUT) currently has a daily average trading volume of 5.84M but it saw 10839997 shares traded in last market. With a market cap of 2.59B USD, the company’s current market price of $27.67 came rising about 2.37 while comparing to the previous closing price of $27.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.17 and as low as $6.18. In the recent trading on the day, stock has struck highest price mark of $27.4501 while lowest mark touched by it was $31.35.
Taking a look at 20-day trading activity of Hut 8 Corp (HUT) gives us an average price of $24.81, while its current price level is -8.29% below from 52-week high level whereas it is 347.73% 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 $18.28 while that of 200 days or SMA-200 reads an average of $12.76. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.12% during that period while stretching the period over a month that increases to 11.49%. 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 64.12 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 -2.74% down while it is 65.29% when we observe its performance for the past one month. Year-to-date it is 107.42% up and over the past year, the stock is showing an upside performance of 142.72%.
The company is expected to be releasing its next quarterly report in January, 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 $170.07M and seeing the company making $279.69M in sales next year. Moreover, analysts are in estimates of $39.49M for current-quarter revenue.
Currently, Hut 8 Corp’s total number of outstanding shares is 93.51M. 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 13.79 while having a 282.35 of forward P/E ratio. Stock’s beta reads 3.59. Stock has a price to book (P/B) ratio of 3.68 while price to sale or P/S ratio amounts to 15.27. Its return on asset (ROA) is 27.22% on average.
