Shares of Hut 8 Corp. (NASDAQ:HUT - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $21.69, but opened at $19.04. Hut 8 shares last traded at $20.55, with a volume of 1,752,163 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts recently commented on HUT shares. Stifel Nicolaus increased their price target on Hut 8 from $15.00 to $18.00 and gave the stock a "speculative buy" rating in a research report on Wednesday, October 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $35.00 price objective on shares of Hut 8 in a report on Tuesday, January 7th. HC Wainwright raised their price target on Hut 8 from $26.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Craig Hallum boosted 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, Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 target price on shares of Hut 8 in a research note on Monday, January 13th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hut 8 currently has a consensus rating of "Buy" and an average price target of $33.00.
View Our Latest Stock Analysis on Hut 8
Hut 8 Trading Down 1.0 %
The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.35. The company's fifty day simple moving average is $24.30 and its two-hundred day simple moving average is $18.14.
Hedge Funds Weigh In On Hut 8
Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP bought a new position in Hut 8 during the 2nd quarter worth about $200,000. The Manufacturers Life Insurance Company acquired a new position in shares of Hut 8 during the second quarter worth about $460,000. SG Americas Securities LLC bought a new position in shares of Hut 8 during the third quarter worth about $334,000. Westend Capital Management LLC raised its position in Hut 8 by 4.0% in the 3rd quarter. Westend Capital Management LLC now owns 496,940 shares of the company's stock valued at $6,092,000 after buying an additional 18,979 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in Hut 8 by 2.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 49,755 shares of the company's stock valued at $610,000 after acquiring an additional 1,027 shares in the last quarter. 31.75% of the stock is currently owned by institutional investors and hedge funds.
Hut 8 Company Profile
(
Get Free Report)
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.
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