Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) have been assigned a consensus rating of "Strong Buy" from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a strong buy rating.
Several brokerages recently weighed in on HUT. Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research note on Wednesday, January 8th. BTIG Research upgraded Hut 8 to a "strong-buy" rating in a report on Monday, April 14th. Finally, Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a research report on Friday, March 7th.
Check Out Our Latest Analysis on Hut 8
Hut 8 Trading Up 0.8 %
TSE HUT traded up C$0.13 during trading on Tuesday, hitting C$15.49. The stock had a trading volume of 1,054,980 shares, compared to its average volume of 1,490,290. The company has a market capitalization of C$1.03 billion, a PE ratio of 3.79 and a beta of 3.45. Hut 8 has a twelve month low of C$10.16 and a twelve month high of C$45.20. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. The firm has a 50 day moving average price of C$19.77 and a 200 day moving average price of C$26.85.
Hut 8 Company Profile
(
Get Free ReportHut 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.
Read More
Before you consider Hut 8, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hut 8 wasn't on the list.
While Hut 8 currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
