NASDAQ:HUT

Hut 8 (HUT) Stock Price, News & Analysis

$8.54
-0.44 (-4.90%)
(As of 09:46 AM ET)
Today's Range
$8.42
$8.70
50-Day Range
$7.08
$11.04
52-Week Range
$6.18
$22.75
Volume
359,183 shs
Average Volume
5.10 million shs
Market Capitalization
$762.11 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.33

Hut 8 MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
37.3% Upside
$12.33 Price Target
Short Interest
Healthy
10.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.62mentions of Hut 8 in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.05) to ($1.18) 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.

2.56 out of 5 stars

Finance Sector

608th out of 859 stocks

Nondepository Credit Institutions Industry

25th out of 44 stocks

HUT stock logo

About Hut 8 Stock (NASDAQ:HUT)

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers. In addition, the company provides colocation, cloud, and connectivity services; hosting services, which include the provision of mining equipment and space, as well as monitors, troubleshoots, repairs, and maintains customer mining equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.

HUT Stock Price History

HUT Stock News Headlines

Beyond the Halving: The Future of Bitcoin Mining Stocks
Bitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity.
Beyond the Halving: The Future of Bitcoin Mining Stocks (HUT)
The Bitcoin halving event presents challenges and opportunities for mining companies, necessitating adaptation and innovation to thrive in the evolving sector.
Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS
You might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.
Hut 8 (NASDAQ:HUT) Coverage Initiated by Analysts at Benchmark
Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS
You might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.
Hut 8 Corp. (HUT)
Hut 8 Operations Update for March 2024
Hut 8 Operations Update for March 2024
See More Headlines
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Company Calendar

Last Earnings
8/14/2023
Today
4/25/2024
Next Earnings (Estimated)
5/09/2024
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
219
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.33
High Stock Price Target
$15.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+37.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 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
$801.38 million
Optionable
Optionable
Beta
3.91
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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?

6 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, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HUT shares.
View HUT analyst ratings
or view top-rated stocks.

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

6 Wall Street research analysts have issued 12 month price targets for Hut 8's shares. Their HUT share price targets range from $9.00 to $15.00. On average, they predict the company's share price to reach $12.33 in the next year. This suggests a possible upside of 37.3% 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 the year. Since then, HUT stock has decreased by 32.7% and is now trading at $8.98.
View the best growth stocks for 2024 here
.

When is Hut 8's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our HUT earnings forecast
.

How were Hut 8's earnings last quarter?

Hut 8 Corp. (NASDAQ:HUT) released its quarterly earnings data on Monday, August, 14th. The company reported ($0.06) 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 the consensus estimate 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 period last year, the business earned ($0.12) earnings per share.

Who are Hut 8's major shareholders?

Hut 8's stock is owned by a number of institutional and retail investors. Top institutional investors include Westend Capital Management LLC (0.53%) and Global Retirement Partners LLC (0.01%). 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 4/25/2024 by MarketBeat.com Staff

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