Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) dropped 6.3% on Tuesday . The company traded as low as C$15.60 and last traded at C$15.71. Approximately 919,247 shares changed hands during trading, a decline of 39% from the average daily volume of 1,496,993 shares. The stock had previously closed at C$16.77.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on HUT shares. Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. BTIG Research upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, April 14th. Finally, Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a report on Friday, March 7th. Five investment analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the company currently has an average rating of "Strong Buy".
Get Our Latest Report on Hut 8
Hut 8 Stock Up 0.8 %
The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 3.79 and a beta of 3.45. The business's 50-day moving average is C$19.77 and its 200-day moving average is C$26.85.
About Hut 8
(
Get Free Report)
Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.
See Also
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
