Hut 8 Corp (NASDAQ:HUT) traded at $21.83 at close of the session on Friday, July 11 and made a downward move of -1.09% on its previous day’s price.
Looking at the stock we see that its previous close was $22.07 with the day’s price range being $21.58 – $22.8. In terms of its 52-week price range, HUT has a high of $31.95 and a low of $8.73. The company’s stock has gained about 17.81% over that past 30 days.
Hut 8 Corp has a market cap of $2.52 billion and is expected to release its quarterly earnings report on 2025-May-08.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 49.1M, with a low of 38.44M and a high of 57.2M. The median projection represents growth squeezing down to 39.44% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 227.34M, or 40.00% up from figures reported last year.
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 Hold.
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 15.12% off its SMA20 and 28.12% from its 50-day simple moving average. The RSI (14) is pointing at 65.98 while the volatility over the past week is 7.21% and jumps to 6.96% over the past one month. The average price target for the stock over the next 12 months is $20, with the estimates having a low of $20 and a high of $33. These price ends are 8.38% and -51.17% off the current price level respectively, although investors could be excited at the prospect of a 8.38% if the HUT share price touches on the median price of $20.
Coming back to Hut 8 Corp (NASDAQ:HUT), we note that the average 3-month trading volume was 6.72 million, while that of the preceding 10-day period stands at 7.49 million. Current shares outstanding are 104.15 million.
The insiders hold 11.38% of the company’s shares while institutions hold 54.23%. The data shows that short shares as of 2025-06-13, stood at 15.39 million at a short ratio of 2.13. This represents a 1639.00 short interest in shares outstanding on 2025-06-13. Shares short rose in June from the previous month at 14.6 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 36.18% up in year-to-date price movement.
