Hut 8 Corp. (TSE:HUT - Get Free Report) shares traded down 3.4% on Monday . The stock traded as low as C$27.35 and last traded at C$28.25. 389,003 shares were traded during trading, a decline of 74% from the average session volume of 1,479,642 shares. The stock had previously closed at C$29.25.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on HUT shares. Northland Capmk raised Hut 8 to a "strong-buy" rating in a report on Monday, April 21st. BTIG Research raised Hut 8 to a "strong-buy" rating in a report on Monday, April 14th. B. Riley upgraded Hut 8 to a "strong-buy" rating in a research report on Tuesday, May 13th. Maxim Group upgraded Hut 8 to a "strong-buy" rating in a research report on Thursday, May 1st. Finally, Citizens Jmp upgraded Hut 8 to a "strong-buy" rating in a research report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, Hut 8 presently has an average rating of "Strong Buy".
Read Our Latest Research Report on HUT
Hut 8 Stock Performance
The company has a market capitalization of C$2.01 billion, a P/E ratio of 7.38 and a beta of 3.45. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26. The company has a fifty day moving average price of C$23.40 and a two-hundred day moving average price of C$24.31.
About Hut 8
(
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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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