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Hut 8 (HUT) Stock Price, News & Analysis

Hut 8 logo
$11.71 -0.44 (-3.62%)
Closing price 04:00 PM Eastern
Extended Trading
$11.80 +0.09 (+0.80%)
As of 07:35 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Hut 8 Stock (NASDAQ:HUT)

Key Stats

Today's Range
$11.45
$12.19
50-Day Range
$11.48
$26.92
52-Week Range
$6.95
$31.95
Volume
3.51 million shs
Average Volume
5.16 million shs
Market Capitalization
$1.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.89
Consensus Rating
Buy

Company Overview

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. 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. In addition, the company provides colocation, cloud, and connectivity services; hosting services, which include the provision of mining equipment and space, as well as monitors, troubleshoots, repairs, and maintains customer mining equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.

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Hut 8 Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
55th Percentile Overall Score

HUT MarketRank™: 

Hut 8 scored higher than 55% of companies evaluated by MarketBeat, and ranked 620th out of 951 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Hut 8 has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Hut 8 has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Hut 8's stock forecast and price target.
  • Earnings Growth

    Earnings for Hut 8 are expected to grow in the coming year, from ($0.53) to $0.33 per share.

  • Price to Book Value per Share Ratio

    Hut 8 has a P/B Ratio of 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Hut 8's valuation and earnings.
  • Percentage of Shares Shorted

    11.11% of the float of Hut 8 has been sold short.
  • Short Interest Ratio / Days to Cover

    Hut 8 has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hut 8 has recently increased by 4.06%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Hut 8 does not currently pay a dividend.

  • Dividend Growth

    Hut 8 does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    11.11% of the float of Hut 8 has been sold short.
  • Short Interest Ratio / Days to Cover

    Hut 8 has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hut 8 has recently increased by 4.06%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Hut 8 has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.83 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 21 news articles for Hut 8 this week, compared to 7 articles on an average week.
  • Search Interest

    Only 15 people have searched for HUT on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.
  • MarketBeat Follows

    Only 15 people have added Hut 8 to their MarketBeat watchlist in the last 30 days. This is a decrease of -69% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Hut 8 insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    12.00% of the stock of Hut 8 is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 31.75% of the stock of Hut 8 is held by institutions.

  • Read more about Hut 8's insider trading history.
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HUT Stock News Headlines

Why Hut 8 Corp (HUT) Is Plunging In 2025?
“Amazon Coin” set to outperform Bitcoin
Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 different coins that have returned over 100%... But today, Chris is now making the biggest crypto call of his ENTIRE career…
Hut 8 Corp.: Hut 8 Operations Update for February 2025
Hut 8 (HUT) Receives a Buy from KBW
See More Headlines

HUT Stock Analysis - Frequently Asked Questions

Hut 8's stock was trading at $20.49 on January 1st, 2025. Since then, HUT shares have decreased by 42.9% and is now trading at $11.71.
View the best growth stocks for 2025 here
.

Hut 8 Corp. (NASDAQ:HUT) announced its earnings results on Monday, August, 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.01. The firm earned $14.28 million during the quarter, compared to the consensus estimate of $15.98 million.

Top institutional investors of Hut 8 include Vanguard Group Inc. (6.90%), Geode Capital Management LLC (2.26%), Jericho Capital Asset Management L.P. (1.95%) and BIT Capital GmbH (1.94%). Insiders that own company stock include Jaime Leverton, Shenif Visram, Aniss Amdiss and Joseph Flinn.
View institutional ownership trends
.

Shares of HUT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Hut 8 investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), MARA (MARA), Intel (INTC) and Netflix (NFLX).

Company Calendar

Last Earnings
8/14/2023
Today
3/13/2025
Next Earnings (Estimated)
5/21/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:HUT
Fax
N/A
Employees
219
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.89
High Stock Price Target
$41.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+146.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$671.72 million
Cash Flow
$0.02 per share
Price / Cash Flow
720.88
Book Value
$5.48 per share
Price / Book
2.22

Miscellaneous

Free Float
82,351,000
Market Cap
$1.14 billion
Optionable
Optionable
Beta
4.37
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This page (NASDAQ:HUT) was last updated on 3/13/2025 by MarketBeat.com Staff
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