Hut 8 (HUT) Projected to Post Quarterly Earnings on Wednesday

Hut 8 (NASDAQ:HUT - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Hut 8 Price Performance

HUT stock traded up $0.15 during mid-day trading on Thursday, reaching $20.47. 2,816,652 shares of the company's stock were exchanged, compared to its average volume of 5,141,364. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.00. Hut 8 has a 12-month low of $6.77 and a 12-month high of $31.95. The stock's 50 day moving average is $23.96 and its 200 day moving average is $18.22.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HUT. Keefe, Bruyette & Woods began coverage on shares of Hut 8 in a research note on Wednesday, January 8th. They issued an "outperform" rating on the stock. HC Wainwright lifted their target price on shares of Hut 8 from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Stifel Nicolaus upped their price target on shares of Hut 8 from $15.00 to $18.00 and gave the stock a "speculative buy" rating in a research report on Wednesday, October 30th. Craig Hallum lifted their price objective on Hut 8 from $15.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Piper Sandler assumed coverage on Hut 8 in a research report on Tuesday, December 17th. They issued an "overweight" rating and a $33.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $33.00.

About Hut 8

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.