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NASDAQ:HUT

Hut 8 (HUT) Stock Price, News & Analysis

$12.67
-0.23 (-1.78%)
(As of 10/17/2024 ET)

About Hut 8 Stock (NASDAQ:HUT)

Key Stats

Today's Range
$12.54
$13.36
50-Day Range
$9.00
$13.08
52-Week Range
$6.18
$21.10
Volume
4.34 million shs
Average Volume
4.85 million shs
Market Capitalization
$1.15 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.50
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.

Hut 8 Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
60th Percentile Overall Score

HUT MarketRank™: 

Hut 8 scored higher than 60% of companies evaluated by MarketBeat, and ranked 537th out of 911 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 6 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Hut 8 has been the subject of 5 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.
  • Percentage of Shares Shorted

    19.56% 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 3.4, 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 1.67%, 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

    19.56% 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 3.4, 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 1.67%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Hut 8 has a news sentiment score of 1.01. 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 higher news sentiment than the 0.64 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Hut 8 this week, compared to 7 articles on an average week.
  • Search Interest

    Only 8 people have searched for HUT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 6 people have added Hut 8 to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Hut 8 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $360,233.00 in 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

Hut 8 (NASDAQ:HUT) Given "Buy" Rating at Benchmark
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Hut 8 Operations Update for September 2024
Hut 8 Operations Update for September 2024
Hut 8 (HUT) Gets a Buy from Craig-Hallum
Hut 8 Announces Early Payoff of Outstanding Loan
See More Headlines

HUT Stock Analysis - Frequently Asked Questions

Hut 8's stock was trading at $13.34 at the beginning of the year. Since then, HUT stock has decreased by 5.0% and is now trading at $12.67.
View the best growth stocks for 2024 here
.

Hut 8 Corp. (NASDAQ:HUT) announced its quarterly earnings results on Tuesday, August, 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.11. The firm earned $35.22 million during the quarter, compared to the consensus estimate of $38 million.

Hut 8's top institutional investors include Westend Capital Management LLC (0.55%) and SG Americas Securities LLC (0.03%). 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.
Compare Top Brokerages Here.

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), Marathon Digital (MARA), Intel (INTC) and Netflix (NFLX).

Company Calendar

Last Earnings
8/13/2024
Today
10/17/2024
Next Earnings (Estimated)
11/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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
$16.50
High Stock Price Target
$22.00
Low Stock Price Target
$13.50
Potential Upside/Downside
+30.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$73.90 million
Cash Flow
$0.03 per share
Book Value
$5.48 per share

Miscellaneous

Free Float
80,150,000
Market Cap
$1.15 billion
Optionable
Optionable
Beta
4.05
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This page (NASDAQ:HUT) was last updated on 10/17/2024 by MarketBeat.com Staff
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