Hut 8 (HUT) Expected to Announce Quarterly Earnings on Wednesday

Hut 8 (NASDAQ:HUT - Get Free Report) is anticipated to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Hut 8 to post earnings of ($0.18) per share for the quarter.

Hut 8 Stock Down 1.0 %

NASDAQ HUT traded down $0.22 on Friday, reaching $20.88. 3,734,383 shares of the stock traded hands, compared to its average volume of 5,292,378. Hut 8 has a 12 month low of $6.77 and a 12 month high of $31.95. The firm's fifty day simple moving average is $24.30 and its 200 day simple moving average is $18.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.00.

Wall Street Analyst Weigh In

HUT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods started coverage on Hut 8 in a report on Wednesday, January 8th. They set an "outperform" rating on the stock. Piper Sandler assumed coverage on shares of Hut 8 in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $33.00 price objective on the stock. HC Wainwright increased their target price on shares of Hut 8 from $26.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Canaccord Genuity Group raised their target price on shares of Hut 8 from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus increased their price objective on Hut 8 from $15.00 to $18.00 and gave the company a "speculative buy" rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.