Hut 8 Corp. (TSE:HUT - Free Report) - HC Wainwright reduced their Q1 2024 earnings per share estimates for Hut 8 in a research note issued on Monday, April 1st. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of ($0.08) per share for the quarter, down from their prior estimate of ($0.01). HC Wainwright currently has a "Sell" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is ($0.52) per share. HC Wainwright also issued estimates for Hut 8's Q2 2024 earnings at ($0.47) EPS, Q3 2024 earnings at ($0.53) EPS, Q4 2024 earnings at ($0.51) EPS and FY2024 earnings at ($1.60) EPS.
Hut 8 Stock Up 3.2 %
Shares of HUT stock traded up C$0.41 on Wednesday, reaching C$13.12. 935,183 shares of the company's stock traded hands, compared to its average volume of 1,537,589. The company has a market capitalization of C$1.17 billion, a P/E ratio of -12.38 and a beta of 3.45. Hut 8 has a 12-month low of C$8.35 and a 12-month high of C$29.90. The company has a debt-to-equity ratio of 613.95, a quick ratio of 1.26 and a current ratio of 1.99. The business's 50 day moving average price is C$11.55 and its two-hundred day moving average price is C$9.05.
About Hut 8
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Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers. The company was founded in 2017 and is based in Miami, Florida.
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