Hut 8 Corp. (TSE:HUT - Get Free Report)'s share price traded up 11.6% during trading on Tuesday . The stock traded as high as C$16.51 and last traded at C$16.41. 2,036,571 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 1,491,310 shares. The stock had previously closed at C$14.71.
Wall Street Analysts Forecast Growth
HUT has been the subject of a number of recent analyst reports. Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. BTIG Research upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, April 14th. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. Finally, Northland Capmk upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Monday, April 21st. Six analysts have rated the stock with a strong buy rating, According to MarketBeat, the company currently has a consensus rating of "Strong Buy".
View Our Latest Analysis on HUT
Hut 8 Stock Up 4.0 %
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 stock has a market capitalization of C$1.24 billion, a P/E ratio of 4.55 and a beta of 3.45. The company has a fifty day moving average price of C$18.57 and a 200-day moving average price of C$26.88.
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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