Hut 8 (TSE:HUT) Upgraded at B. Riley

B. Riley upgraded shares of Hut 8 (TSE:HUT - Free Report) to a strong-buy rating in a report published on Tuesday, May 13th,Zacks.com reports. B. Riley also issued estimates for Hut 8's Q2 2025 earnings at ($0.32) EPS, Q3 2025 earnings at ($0.25) EPS, Q4 2025 earnings at ($0.27) EPS, FY2025 earnings at ($1.09) EPS, Q1 2026 earnings at ($0.29) EPS, Q2 2026 earnings at ($0.27) EPS, Q3 2026 earnings at ($0.22) EPS, Q4 2026 earnings at ($0.17) EPS and FY2026 earnings at ($0.96) EPS.

Several other research firms have also recently commented on HUT. Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. Maxim Group upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Thursday, May 1st. BTIG Research raised shares of Hut 8 to a "strong-buy" rating in a research note on Monday, April 14th. Finally, Northland Capmk upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, April 21st. Seven analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Hut 8 Trading Down 1.5%

Hut 8 stock traded down C$0.37 during mid-day trading on Tuesday, hitting C$23.58. The company's stock had a trading volume of 782,084 shares, compared to its average volume of 1,505,458. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87. The firm has a market capitalization of C$1.57 billion, a PE ratio of 5.77 and a beta of 3.45. The stock's fifty day moving average is C$18.13 and its two-hundred day moving average is C$26.91. Hut 8 has a 1 year low of C$11.65 and a 1 year high of C$45.20.

Hut 8 Company Profile

Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.