Hut 8 Corp. (TSE:HUT - Free Report) - Investment analysts at HC Wainwright dropped their Q1 2025 earnings per share estimates for Hut 8 in a research report issued to clients and investors on Tuesday, March 4th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($0.29) per share for the quarter, down from their prior forecast of ($0.18). The consensus estimate for Hut 8's current full-year earnings is $0.56 per share. HC Wainwright also issued estimates for Hut 8's Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.13) EPS and FY2025 earnings at ($0.73) EPS.
HUT has been the topic of several other reports. Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a report on Wednesday, January 8th. Cantor Fitzgerald upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, December 9th. Finally, Rosenblatt Securities upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Friday. Four equities research analysts have rated the stock with a strong buy rating, According to MarketBeat, the company has an average rating of "Strong Buy".
Read Our Latest Stock Analysis on Hut 8
Hut 8 Trading Down 14.7 %
Shares of HUT stock traded down C$2.85 during trading hours on Thursday, reaching C$16.55. 1,997,754 shares of the stock were exchanged, compared to its average volume of 1,472,707. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87. The company's 50-day moving average price is C$29.90 and its 200-day moving average price is C$26.49. Hut 8 has a 12-month low of C$9.15 and a 12-month high of C$45.20. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 4.05 and a beta of 3.45.
Hut 8 Company Profile
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Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.
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