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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NASDAQ:HUT

Hut 8 (HUT) Stock Price, News & Analysis

$8.36
-0.56 (-6.28%)
(As of 03/4/2024 ET)
Today's Range
$8.23
$9.44
50-Day Range
$6.33
$18.13
52-Week Range
$6.05
$22.75
Volume
5.47 million shs
Average Volume
6.22 million shs
Market Capitalization
$370.77 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.50

Hut 8 MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
1.7% Upside
$8.50 Price Target
Short Interest
Healthy
8.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.15mentions of Hut 8 in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.05) to ($0.27) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.20 out of 5 stars

Finance Sector

848th out of 853 stocks

Nondepository Credit Institutions Industry

47th out of 48 stocks


HUT stock logo

About Hut 8 Stock (NASDAQ:HUT)

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.

HUT Stock Price History

HUT Stock News Headlines

HUT Mar 2024 3.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
HUT Mar 2024 4.000 put
HUT Mar 2024 4.500 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
HUT Mar 2024 12.500 put
3 Small-Cap Stocks That Can Turn Your $100 Into $100,000
Hut 8's (HUT) Sell Rating Reiterated at HC Wainwright
Hut 8 Corp HUT
See More Headlines
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Company Calendar

Last Earnings
8/14/2023
Today
3/04/2024
Next Earnings (Estimated)
3/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:HUT
Fax
N/A
Employees
98
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.50
High Stock Price Target
$15.00
Low Stock Price Target
$3.50
Potential Upside/Downside
+1.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-186,770,000.00
Net Margins
-184.31%
Pretax Margin
-333.61%

Debt

Sales & Book Value

Annual Sales
$115.90 million
Cash Flow
$0.03 per share
Book Value
$6.13 per share

Miscellaneous

Free Float
N/A
Market Cap
$370.77 million
Optionable
Optionable
Beta
3.86
12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Asher Kevin Genoot (Age 28)
    Co-Founder, CEO, President & Director
    Comp: $250k
  • Mr. Michael Ho (Age 30)
    Co- Founder, Chief Strategy Officer & Director
    Comp: $250k
  • Mr. Shenif Visram C.M.A. (Age 51)
    CPA, Chief Financial Officer
  • Mr. James Beer
    Senior Vice President of Operations
  • Ms. Erin Dermer
    Senior Vice President of Communications & Culture
  • Ms. Suzanne Ennis
    Vice President of Corporate Development














HUT Stock Analysis - Frequently Asked Questions

Should I buy or sell Hut 8 stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hut 8 in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HUT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HUT, but not buy additional shares or sell existing shares.
View HUT analyst ratings
or view top-rated stocks.

What is Hut 8's stock price target for 2024?

3 brokers have issued 1 year target prices for Hut 8's shares. Their HUT share price targets range from $3.50 to $15.00. On average, they anticipate the company's share price to reach $8.50 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
View analysts price targets for HUT
or view top-rated stocks among Wall Street analysts.

How have HUT shares performed in 2024?

Hut 8's stock was trading at $13.34 at the beginning of 2024. Since then, HUT shares have decreased by 37.3% and is now trading at $8.36.
View the best growth stocks for 2024 here
.

Are investors shorting Hut 8?

Hut 8 saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 7,730,000 shares, a decrease of 19.2% from the January 31st total of 9,570,000 shares. Based on an average trading volume of 6,770,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 8.7% of the company's shares are sold short.
View Hut 8's Short Interest
.

When is Hut 8's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our HUT earnings forecast
.

How were Hut 8's earnings last quarter?

Hut 8 Corp. (NASDAQ:HUT) posted its earnings results on Monday, August, 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The business had revenue of $14.28 million for the quarter, compared to analysts' expectations of $15.98 million. Hut 8 had a negative trailing twelve-month return on equity of 24.58% and a negative net margin of 184.31%. During the same quarter in the previous year, the business earned ($0.12) earnings per share.

What ETFs hold Hut 8's stock?

ETFs with the largest weight of Hut 8 (NASDAQ:HUT) stock in their portfolio include iShares Blockchain and Tech ETF (IBLC).SPDR S&P Kensho New Economies Composite ETF (KOMP).

Who are Hut 8's major shareholders?

Hut 8's stock is owned by many different retail and institutional investors. Top institutional investors include Van ECK Associates Corp (1.58%), Citadel Advisors LLC (0.00%), Simplex Trading LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (0.83%), Vident Advisory LLC (0.74%) and Goldman Sachs Group Inc. (0.63%). Insiders that own company stock include Aniss Amdiss, Jaime Leverton and Shenif Visram.

How do I buy shares of Hut 8?

Shares of HUT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HUT) was last updated on 3/5/2024 by MarketBeat.com Staff