Hut 8 Corp. (TSE:HUT - Get Free Report) has received a consensus rating of "Strong Buy" from the nine research firms that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a strong buy rating.
Several brokerages have issued reports on HUT. BTIG Research raised Hut 8 to a "strong-buy" rating in a research note on Monday, April 14th. Citizens Jmp upgraded shares of Hut 8 to a "strong-buy" rating in a report on Thursday, May 22nd. Northland Capmk raised shares of Hut 8 to a "strong-buy" rating in a report on Monday, April 21st. Rosenblatt Securities upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Friday, March 7th. Finally, Roth Capital raised Hut 8 to a "strong-buy" rating in a research note on Thursday, June 5th.
View Our Latest Research Report on Hut 8
Hut 8 Price Performance
HUT traded up C$1.18 during trading on Friday, reaching C$25.37. The stock had a trading volume of 1,485,341 shares, compared to its average volume of 1,487,492. The business has a 50-day moving average of C$21.65 and a 200-day moving average of C$24.67. Hut 8 has a one year low of C$11.86 and a one year high of C$45.20. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The stock has a market cap of C$1.69 billion, a PE ratio of 6.21 and a beta of 3.45.
About Hut 8
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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.
Further Reading
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