Hut 8 Corp. (TSE:HUT - Get Free Report)'s share price was down 5.7% during trading on Friday . The stock traded as low as C$32.86 and last traded at C$33.08. Approximately 125,063 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,507,151 shares. The stock had previously closed at C$35.07.
Analysts Set New Price Targets
Separately, Cantor Fitzgerald upgraded Hut 8 to a "strong-buy" rating in a research report on Monday, December 9th.
Check Out Our Latest Stock Report on HUT
Hut 8 Trading Down 8.2 %
The stock's 50-day moving average price is C$32.37 and its 200 day moving average price is C$22.82. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.67 and a quick ratio of 1.26. The firm has a market capitalization of C$3.01 billion, a PE ratio of -30.10 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.
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
