Hut 8 Corp (NASDAQ:HUT) traded at $25.92 at close of the session on current trade day and made an upward move of 10.39% on its previous day’s price.
Looking at the stock we see that its previous close was $23.48 with the day’s price range being $22.6508 – $26.42. The company has a trailing 12-month PE ratio of 12.92. In terms of its 52-week price range, HUT has a high of $28.47 and a low of $6.18. The company’s stock has gained about 69.36% over that past 30 days.
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Hut 8 Corp has a market cap of $3.74 billion and is expected to release its quarterly earnings report in December.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 39.49M, with a low of 29.6M and a high of 56.37M.
On the other hand, looking at the outlook for the HUT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 12 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Hut 8 Corp (HUT) stock as a Hold, while 9 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 23.53% off its SMA20 and 63.07% from its 50-day simple moving average. The RSI (14) is pointing at 69.57 while the volatility over the past week is 11.75% and jumps to 11.21% over the past one month. The beta value is 3.46, while the average true range (ATR) is currently pointing at 2.31. The average price target for the stock over the next 12 months is $14, with the estimates having a low of $8 and a high of $32. These price ends are 69.14% and -23.46% off the current price level respectively, although investors could be excited at the prospect of a 45.99% if the HUT share price touches on the median price of $14.
Coming back to Hut 8 Corp (NASDAQ:HUT), we note that the average 3-month trading volume was 5.40 million, while that of the preceding 10-day period stands at 9.85 million. Current shares outstanding are 88.96 million.
The insiders hold 11.32% of the company’s shares while institutions hold 58.13%. The data shows that short shares as of 2024-10-31, stood at 12.73 million at a short ratio of 2.65. This represents a 1514.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 15.8 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 94.30% up in year-to-date price movement.
