Hut 8 Corp. (TSE:HUT - Get Free Report) traded down 13.3% during mid-day trading on Monday . The stock traded as low as C$31.99 and last traded at C$32.41. 486,684 shares changed hands during trading, a decline of 65% from the average session volume of 1,402,640 shares. The stock had previously closed at C$37.38.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Cantor Fitzgerald raised shares of Hut 8 to a "strong-buy" rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research note on Wednesday, January 8th.
Get Our Latest Report on Hut 8
Hut 8 Stock Performance
The firm has a market capitalization of C$2.95 billion, a P/E ratio of -29.49 and a beta of 3.45. The company's 50 day moving average is C$35.64 and its 200-day moving average is C$25.39. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 55.19.
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.
Recommended Stories
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
