Hut 8 (TSE:HUT - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of C($0.36) per share for the quarter.
Hut 8 (TSE:HUT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.02 earnings per share for the quarter, beating analysts' consensus estimates of C($0.12) by C$0.14. The company had revenue of C$48.18 million for the quarter, compared to analyst estimates of C$52.06 million. Hut 8 had a negative return on equity of 122.68% and a net margin of 102.21%.
Hut 8 Price Performance
TSE:HUT traded up C$2.75 during trading hours on Wednesday, hitting C$25.89. The company's stock had a trading volume of 2,877,183 shares, compared to its average volume of 1,421,033. The business's 50-day moving average is C$17.02 and its two-hundred day moving average is C$16.70. The company has a debt-to-equity ratio of 55.19, a quick ratio of 1.26 and a current ratio of 1.67. The company has a market capitalization of C$2.42 billion, a PE ratio of -25.07 and a beta of 3.45. Hut 8 has a 52-week low of C$8.35 and a 52-week high of C$28.87.
Analyst Ratings Changes
Separately, HC Wainwright upgraded Hut 8 from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, August 14th.
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About Hut 8
(
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Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers.
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