Hut 8 (HUT) Expected to Announce Earnings on Thursday

Hut 8 (NASDAQ:HUT - Get Free Report) is anticipated to announce its Q1 2025 earnings results 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 Price Performance

HUT stock traded down $0.07 during midday trading on Tuesday, reaching $12.69. 1,863,986 shares of the company's stock traded hands, compared to its average volume of 5,060,479. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. Hut 8 has a fifty-two week low of $7.67 and a fifty-two week high of $31.95. The business has a 50-day moving average price of $12.57 and a two-hundred day moving average price of $19.02.

Insider Buying and Selling

In other Hut 8 news, insider Victor Semah sold 11,363 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $12.95, for a total transaction of $147,150.85. Following the transaction, the insider now owns 15,738 shares of the company's stock, valued at approximately $203,807.10. This trade represents a 41.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HUT shares. BTIG Research initiated coverage on shares of Hut 8 in a research report on Monday, April 14th. They set a "buy" rating and a $18.00 price target for the company. UBS Group set a $33.00 price objective on shares of Hut 8 in a report on Wednesday, April 2nd. Maxim Group started coverage on Hut 8 in a research report on Thursday, May 1st. They set a "buy" rating and a $20.00 price target on the stock. Benchmark dropped their target price on shares of Hut 8 from $41.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Northland Capmk raised shares of Hut 8 to a "strong-buy" rating in a report on Monday, April 21st. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hut 8 has an average rating of "Buy" and a consensus price target of $27.08.

Hut 8 Company Profile

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.