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NASDAQ:HUT

Hut 8 (HUT) Stock Price, News & Analysis

$9.00
-0.50 (-5.26%)
(As of 09/6/2024 ET)
Today's Range
$8.73
$9.77
50-Day Range
$9.00
$20.93
52-Week Range
$6.18
$21.10
Volume
3.94 million shs
Average Volume
5.01 million shs
Market Capitalization
$813.53 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.08

Hut 8 MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
78.7% Upside
$16.08 Price Target
Short Interest
Bearish
16.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.83mentions of Hut 8 in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$360,233 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.67 out of 5 stars

Finance Sector

527th out of 871 stocks

Nondepository Credit Institutions Industry

26th out of 48 stocks

HUT stock logo

About Hut 8 Stock (NASDAQ:HUT)

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 Stock Price History

HUT Stock News Headlines

In this photo illustration, the Hut 8 Mining logo seen displayed on a smartphone screen
Hut 8 Corp.’s Earnings: Is Crypto Mining About to Change?
Hut 8 Corp. reports second-quarter results, revealing a challenging but promising outlook for the cryptocurrency mining industry.
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Hut 8 Operations Update for August 2024
Hut 8 Operations Update for August 2024
Hut 8 (NASDAQ:HUT) Stock Price Down 4.4%
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
HUT Aug 2024 9.000 call (HUT240823C00009000)
HudBay Minerals earnings: here's what Wall Street expects
Q2 Earnings: Hut 8 Needs AI To Work
See More Headlines
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Company Calendar

Last Earnings
8/13/2024
Today
9/07/2024
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
$16.08
High Stock Price Target
$22.00
Low Stock Price Target
$13.50
Potential Upside/Downside
+78.7%
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
$0.02 per share
Book Value
$7.34 per share

Miscellaneous

Free Float
79,545,000
Market Cap
$813.53 million
Optionable
Optionable
Beta
4.04
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Key Executives

  • Mr. Asher Kevin Genoot (Age 28)
    Co-Founder, CEO, President & Director
    Comp: $549.97k
  • Mr. Michael Ho (Age 30)
    Co- Founder, Chief Strategy Officer & Director
    Comp: $542.93k
  • Mr. Shenif Visram C.M.A. (Age 50)
    CPA, Chief Financial Officer
  • Mr. James Beer
    Senior Vice President of Operations
  • Ms. Erin Dermer
    Senior Vice President of Communications & Culture
  • Ms. Suzanne Ennis
    Vice President of Corporate Development

HUT Stock Analysis - Frequently Asked Questions

How have HUT shares performed this year?

Hut 8's stock was trading at $13.34 at the beginning of 2024. Since then, HUT shares have decreased by 32.5% and is now trading at $9.00.
View the best growth stocks for 2024 here
.

How were Hut 8's earnings last quarter?

Hut 8 Corp. (NASDAQ:HUT) issued its earnings results on Tuesday, August, 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.11. The firm had revenue of $35.22 million for the quarter, compared to analyst estimates of $38 million.

Who are Hut 8's major shareholders?

Hut 8's top institutional shareholders include Susquehanna International Group LLP, D1 Capital Partners L.P. (1.28%), Van ECK Associates Corp (1.27%) and Millennium Management LLC (0.72%). Insiders that own company stock include Jaime Leverton, Shenif Visram, Aniss Amdiss and Joseph Flinn.
View institutional ownership trends
.

How do I buy shares of Hut 8?

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.

This page (NASDAQ:HUT) was last updated on 9/7/2024 by MarketBeat.com Staff

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