Hut 8 (NASDAQ:HUT - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.20) per share and revenue of $33.68 million for the quarter.
Hut 8 Stock Performance
Shares of HUT traded down $1.04 during mid-day trading on Monday, reaching $12.76. The company had a trading volume of 4,437,840 shares, compared to its average volume of 5,474,137. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50-day moving average price of $12.61 and a 200 day moving average price of $19.03. Hut 8 has a 52 week low of $7.67 and a 52 week high of $31.95.
Analyst Ratings Changes
HUT has been the topic of a number of analyst reports. Northland Capmk upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Monday, April 21st. BTIG Research began coverage on shares of Hut 8 in a report on Monday, April 14th. They set a "buy" rating and a $18.00 price target on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Hut 8 in a report on Wednesday, January 8th. They issued an "outperform" rating on the stock. HC Wainwright decreased their target price on shares of Hut 8 from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $32.00 target price on shares of Hut 8 in a report on Tuesday, March 4th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $27.08.
Check Out Our Latest Research Report on Hut 8
About Hut 8
(
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Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.
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