The trading price of Hut 8 Corp (NASDAQ:HUT) closed higher on Friday, July 12, closing at $16.96, 13.67% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 10.51. In examining the 52-week price action we see that the stock hit a 52-week high of $22.75 and a 52-week low of $6.18. Over the past month, the stock has gained 70.80% in value.
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Hut 8 Corp, whose market valuation is $1.53 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest HUT has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that HUT’s price is currently 19.78% off the SMA20 and 53.81% off the SMA50. The RSI metric on the 14-day chart is currently showing 67.64, and weekly volatility stands at 11.41%. When measured over the past 30 days, the indicator reaches 10.51%. Hut 8 Corp (NASDAQ:HUT)’s beta value is currently sitting at 3.38, while the Average True Range indicator is currently displaying 1.40.
To see how Hut 8 Corp stock has been performing in comparison to its peers in the industry, here are the numbers: HUT stock’s performance was 13.67% in the latest trading, and -9.55% in the past year. Hut 8 Corp has a P/E ratio of 10.51.
An evaluation of the daily trading volume of Hut 8 Corp (NASDAQ:HUT) indicates that the 3-month average is 4.52 million.
Currently, records show that 88.96 million of the company’s shares remain outstanding. The insiders hold 11.40% of outstanding shares, whereas institutions hold 30.23%. However, since the stock’s price has seen 27.14% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
