Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) shot up 0.2% during trading on Monday . The company traded as high as C$36.16 and last traded at C$35.22. 1,205,917 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 1,500,557 shares. The stock had previously closed at C$35.15.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on HUT. B. Riley upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Tuesday, May 13th. Roth Capital upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, Citizens Jmp upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Thursday, May 22nd. Eight investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Strong Buy".
View Our Latest Report on Hut 8
Hut 8 Price Performance
The business's 50 day moving average is C$30.78 and its two-hundred day moving average is C$23.85. The firm has a market capitalization of C$3.72 billion, a PE ratio of 24.12 and a beta of 4.58. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26.
About Hut 8
(
Get Free Report)
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.
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