Hut 8 Corp (NASDAQ:HUT) shares, rose in value on Wednesday, June 18, with the stock price up by 0.24% to the previous day’s close as strong demand from buyers drove the stock to $17.03.
Actively observing the price movement in the last trading, the stock closed the session at $16.99, falling within a range of $16.665 and $17.315. Referring to stock’s 52-week performance, its high was $31.95, and the low was $8.73. On the whole, HUT has fluctuated by -0.82% over the past month.
With the market capitalization of Hut 8 Corp currently standing at about $1.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HUT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of HUT currently trading nearly 0.10% and 14.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.58, while the 7-day volatility ratio is showing 6.02% which for the 30-day chart, stands at 5.01%. Furthermore, Hut 8 Corp (HUT)’s beta value is 3.95, and its average true range (ATR) is 1.15.
A comparison of Hut 8 Corp (HUT) with its peers suggests the former has fared considerably weaker in the market. HUT showed an intraday change of 0.24% in last session, and over the past year, it grew by 50.98%%.
Data on historical trading for Hut 8 Corp (NASDAQ:HUT) indicates that the trading volumes over the past 10 days have averaged 5.92 and over the past 3 months, they’ve averaged 6.23 million. According to company’s latest data on outstanding shares, there are 104.15 million shares outstanding.
Nearly 11.28% of Hut 8 Corp’s shares belong to company insiders and institutional investors own 59.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.01 million shares as on 2025-05-30, resulting in a short ratio of 1.99. According to the data, the short interest in Hut 8 Corp (HUT) stood at 1599.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 13.3 million. The stock has fallen by -16.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HUT stock heading into the next quarter.
