Hut 8 Corp. (TSE:HUT - Get Free Report) shares traded down 1.5% on Friday . The company traded as low as C$15.15 and last traded at C$15.26. 21,567 shares were traded during trading, a decline of 98% from the average session volume of 1,371,803 shares. The stock had previously closed at C$15.49.
Analyst Upgrades and Downgrades
Separately, HC Wainwright raised Hut 8 from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, August 14th.
Read Our Latest Analysis on HUT
Hut 8 Trading Down 2.3 %
The business has a 50 day moving average of C$17.74 and a 200 day moving average of C$15.06. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of -14.15 and a beta of 3.45. 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 (TSE:HUT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.02 earnings per share for the quarter, beating analysts' consensus estimates of C($0.12) by C$0.14. Hut 8 had a net margin of 102.21% and a negative return on equity of 122.68%. The business had revenue of C$48.18 million during the quarter, compared to analyst estimates of C$52.06 million. On average, research analysts forecast that Hut 8 Corp. will post 0.5602387 earnings per share for the current fiscal year.
About Hut 8
(
Get Free Report)
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.
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