Hut 8 Corp. (TSE:HUT - Get Free Report)'s share price rose 14.1% during mid-day trading on Wednesday . The stock 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.
Analysts Set New Price Targets
HUT has been the topic of several recent analyst reports. Cantor Fitzgerald upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, December 9th. Rosenblatt Securities raised shares of Hut 8 to a "strong-buy" rating in a research report on Friday, March 7th. Finally, Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, Hut 8 currently has an average rating of "Strong Buy".
View Our Latest Stock Analysis on HUT
Hut 8 Stock Down 3.5 %
The stock has a 50 day moving average price of C$23.03 and a 200 day moving average price of C$26.98. 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 company has a market capitalization of C$1.08 billion, a P/E ratio of 3.96 and a beta of 3.45.
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.
Further Reading
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.
