Hut 8 Corp. (TSE:HUT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$44.38 and last traded at C$44.27, with a volume of 1107552 shares changing hands. The stock had previously closed at C$38.81.
Analyst Upgrades and Downgrades
Separately, HC Wainwright raised Hut 8 from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, August 14th.
Get Our Latest Stock Report on HUT
Hut 8 Stock Performance
The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 55.19. The stock has a fifty day moving average price of C$26.36 and a 200-day moving average price of C$20.40. The firm has a market cap of C$4.00 billion, a price-to-earnings ratio of -40.01 and a beta of 3.45.
Hut 8 Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Hut 8, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hut 8 wasn't on the list.
While Hut 8 currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
