Hut 8 Corp. (TSE:HUT - Get Free Report)'s stock price was down 6.2% during trading on Monday . The company traded as low as C$17.55 and last traded at C$17.88. Approximately 335,540 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,483,107 shares. The stock had previously closed at C$19.07.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on HUT. Northland Capmk upgraded Hut 8 to a "strong-buy" rating in a research report on Monday, April 21st. Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. Maxim Group upgraded shares of Hut 8 to a "strong-buy" rating in a report on Thursday, May 1st. Rosenblatt Securities raised shares of Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. Finally, BTIG Research raised shares of Hut 8 to a "strong-buy" rating in a research note on Monday, April 14th. Seven analysts have rated the stock with a strong buy rating, According to MarketBeat, the company has a consensus rating of "Strong Buy".
Get Our Latest Stock Analysis on Hut 8
Hut 8 Price Performance
The stock has a market cap of C$1.29 billion, a PE ratio of 4.75 and a beta of 3.45. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. The company's fifty day moving average is C$17.65 and its 200 day moving average is C$26.86.
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.
Further Reading
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