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Hut 8 Mining Stock Forecast, Price & News

$1.44
+0.06 (+4.35%)
(As of 07/5/2022 02:16 PM ET)
Add
Compare
Today's Range
$1.28
$1.46
50-Day Range
$1.33
$4.01
52-Week Range
$1.29
$16.57
Volume
647,261 shs
Average Volume
10.34 million shs
Market Capitalization
$256.15 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.67

Hut 8 Mining MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
432.4% Upside
$7.67 Price Target
Short Interest
Bearish
8.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
31.58%
From $0.38 to $0.50 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.09 out of 5 stars

Business Services Sector

105th out of 474 stocks

Data Processing & Preparation Industry

24th out of 113 stocks

30 days | 90 days | 365 days | Advanced Chart

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Hut 8 Mining logo

About Hut 8 Mining (NASDAQ:HUT) Stock

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.

HUT Stock News Headlines

Hut 8 Mining mines 309 bitcoins in May
Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush."
Experts predict that the global lithium market will balloon by 500%. That's wonderful news for investors, because a "sure-thing" like this appears once in a lifetime. And this small-cap company just snagged what could be one of the world's largest lithium deposits.
Hut 8 Mining Production and Operations Update
Hut 8 Mining Q1 2022 Earnings Preview
Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush."
Experts predict that the global lithium market will balloon by 500%. That's wonderful news for investors, because a "sure-thing" like this appears once in a lifetime. And this small-cap company just snagged what could be one of the world's largest lithium deposits.
Hut 8 Mining Corp (HUT)
TSX Holds onto Gains by Noon
Hut 8 mining announces ATM equity offering program
See More Headlines

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:HUT
Fax
N/A
Employees
43
Year Founded
N/A

Company Calendar

Last Earnings
11/11/2021
Today
7/05/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$7.67
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+432.4%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
3 Analysts

Profitability

Net Income
$-58,020,000.00
Pretax Margin
-20.17%

Debt

Sales & Book Value

Annual Sales
$138.64 million
Cash Flow
$0.25 per share
Book Value
$2.66 per share

Miscellaneous

Free Float
N/A
Market Cap
$256.15 million
Optionable
Optionable
Beta
N/A














Hut 8 Mining Frequently Asked Questions

Should I buy or sell Hut 8 Mining stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hut 8 Mining in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Hut 8 Mining stock.
View analyst ratings for Hut 8 Mining
or view top-rated stocks.

What is Hut 8 Mining's stock price forecast for 2022?

3 brokerages have issued 1-year price objectives for Hut 8 Mining's stock. Their HUT stock forecasts range from $5.00 to $12.00. On average, they predict Hut 8 Mining's share price to reach $7.67 in the next year. This suggests a possible upside of 432.4% from the stock's current price.
View analysts' price targets for Hut 8 Mining
or view top-rated stocks among Wall Street analysts.

How has Hut 8 Mining's stock price performed in 2022?

Hut 8 Mining's stock was trading at $7.85 on January 1st, 2022. Since then, HUT stock has decreased by 81.7% and is now trading at $1.44.
View the best growth stocks for 2022 here
.

When is Hut 8 Mining's next earnings date?

Hut 8 Mining is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Hut 8 Mining
.

How were Hut 8 Mining's earnings last quarter?

Hut 8 Mining Corp. (NASDAQ:HUT) issued its quarterly earnings results on Thursday, November, 11th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $39.98 million for the quarter, compared to the consensus estimate of $39.34 million. Hut 8 Mining had a positive trailing twelve-month return on equity of 4.99% and a negative net margin of 27.23%.
View Hut 8 Mining's earnings history
.

Who are Hut 8 Mining's key executives?

Hut 8 Mining's management team includes the following people:
  • Ms. Jaime Leverton, CEO & Director (Age 44, Pay $750.98k)
  • Mr. Shane Downey, Chief Financial Officer
  • Mr. Jason Zaluski, Head of Technology
  • Ms. Sue Ennis, VP of Corp. Devel.
  • Ms. Viktoriya Griffin, Corp. Sec.
  • Mr. James Beer, Sr. VP of Operations
  • Mr. George Aizpurua, VP of Communications
  • Ms. Erin Dermer, VP of Marketing, Communications & Public Affairs
  • Mr. Josh Rayner, VP of Sales
  • Ms. Melina Neron, HR Mang.

What is Hut 8 Mining's stock symbol?

Hut 8 Mining trades on the NASDAQ under the ticker symbol "HUT."

How do I buy shares of Hut 8 Mining?

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

What is Hut 8 Mining's stock price today?

One share of HUT stock can currently be purchased for approximately $1.44.

How much money does Hut 8 Mining make?

Hut 8 Mining (NASDAQ:HUT) has a market capitalization of $256.15 million and generates $138.64 million in revenue each year. The company earns $-58,020,000.00 in net income (profit) each year or ($0.30) on an earnings per share basis.

How many employees does Hut 8 Mining have?

Hut 8 Mining employs 43 workers across the globe.

How can I contact Hut 8 Mining?

Hut 8 Mining's mailing address is 130 King Street West, Suite 1800, Toronto, Ontario M5X 1E3. The official website for Hut 8 Mining is hut8mining.com. The company can be reached via phone at (647) 256-1992.

This page (NASDAQ:HUT) was last updated on 7/5/2022 by MarketBeat.com Staff

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