Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) rose 14.1% on Wednesday . The company traded as high as C$19.08 and last traded at C$19.07. Approximately 1,635,362 shares were traded during trading, an increase of 12% from the average daily volume of 1,456,522 shares. The stock had previously closed at C$16.72.
Analyst Ratings Changes
HUT has been the subject of a number of recent research reports. Cantor Fitzgerald upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Monday, December 9th. Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a report on Friday, March 7th. Finally, Keefe, Bruyette & Woods raised Hut 8 to a "moderate buy" rating in a report on Wednesday, January 8th. Four analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy".
Read Our Latest Stock Report on HUT
Hut 8 Stock Down 3.5 %
The firm's 50-day moving average price is C$23.03 and its two-hundred day moving average price is C$26.90. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The firm has a market cap of C$1.08 billion, a PE ratio of 3.96 and a beta of 3.45.
Hut 8 Company Profile
(
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.
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
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
