Positive News Sentiment NASDAQ:HUT Hut 8 Mining Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Hut 8 Mining Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $1.44 +0.06 (+4.35%) (As of 07/5/2022 02:16 PM ET) Add Compare Share Today's Range$1.28▼$1.4650-Day Range$1.33▼$4.0152-Week Range$1.29▼$16.57Volume647,261 shsAverage Volume10.34 million shsMarket Capitalization$256.15 millionP/E RatioN/ADividend YieldN/APrice Target$7.67 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Hut 8 Mining MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside432.4% Upside$7.67 Price TargetShort InterestBearish8.61% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth31.58%From $0.38 to $0.50 Per ShareSee Full Details Hide Full Details 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 starsBusiness Services Sector105th out of 474 stocksData Processing & Preparation Industry24th out of 113 stocks 3.5 Analyst's Opinion Consensus RatingHut 8 Mining has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.67, Hut 8 Mining has a forecasted upside of 432.4% from its current price of $1.44.Amount of Analyst CoverageHut 8 Mining has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.61% of the float of Hut 8 Mining has been sold short.Short Interest Ratio / Days to CoverHut 8 Mining has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Hut 8 Mining has recently increased by 15.41%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldHut 8 Mining does not currently pay a dividend.Dividend GrowthHut 8 Mining does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HUT. Previous Next 2.7 News and Social Media Coverage News SentimentHut 8 Mining has a news sentiment score of 1.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 1 news article for Hut 8 Mining this week, compared to 1 article on an average week.Search InterestOnly 23 people have searched for HUT on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.MarketBeat FollowsOnly 11 people have added Hut 8 Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -42% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hut 8 Mining insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 15.28% of the stock of Hut 8 Mining is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Hut 8 Mining are expected to grow by 31.58% in the coming year, from $0.38 to $0.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Hut 8 Mining is -4.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Hut 8 Mining is -4.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioHut 8 Mining has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive HUT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Hut 8 Mining and its competitors with MarketBeat's FREE daily newsletter. Email Address About Hut 8 Mining (NASDAQ:HUT) StockHut 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.Read More HUT Stock News HeadlinesJune 6, 2022 | finanznachrichten.deHut 8 Mining Corp: Hut 8 Mining Production and Operations UpdateJune 6, 2022 | seekingalpha.comHut 8 Mining mines 309 bitcoins in MayJuly 5, 2022 | Investing Trends (Ad)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.June 6, 2022 | finance.yahoo.comHut 8 Mining Production and Operations UpdateJune 3, 2022 | bizjournals.comBaltimore crypto company OBM raises $3M Series A roundMay 26, 2022 | nasdaq.comIs the Options Market Predicting a Spike in Hut 8 Mining (HUT) Stock?May 11, 2022 | seekingalpha.comHut 8 Mining Q1 2022 Earnings PreviewMay 6, 2022 | nasdaq.comIs This the Best Bitcoin Mining Stock to Buy Now?July 5, 2022 | Investing Trends (Ad)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.May 6, 2022 | finanznachrichten.deHut 8 Mining Corp: Hut 8 Mining Monthly Production Update for April 2022May 5, 2022 | finance.yahoo.comHut 8 Mining (HUT) Earnings Expected to Grow: Should You Buy?May 4, 2022 | investing.comHut 8 Mining Corp (HUT)May 4, 2022 | finance.yahoo.comThere's Been No Shortage Of Growth Recently For Hut 8 Mining's (TSE:HUT) Returns On CapitalApril 26, 2022 | ca.investing.comTSX Midday Stock Market Movers: Nuvista Energy, Hut 8 Mining, Lightspeed CommerceApril 14, 2022 | baystreet.caTSX Holds onto Gains by NoonApril 5, 2022 | finanznachrichten.deHut 8 Mining Corp: Hut 8 Mining Monthly Production Update for March 2022April 5, 2022 | finance.yahoo.comHut 8 Mining Monthly Production Update for March 2022March 9, 2022 | finanznachrichten.deHut 8 Mining Corp: Media advisory: Hut 8 to Release Q4 2021 Results March 17March 9, 2022 | finance.yahoo.comMedia advisory: Hut 8 to Release Q4 2021 Results March 17March 4, 2022 | seekingalpha.comHut 8 Mining reports 4% growth in February daily average bitcoin productionMarch 3, 2022 | finanznachrichten.deHut 8 Mining Corp: Hut 8 Mining Monthly Production Update for February 2022March 3, 2022 | finance.yahoo.comHut 8 Mining Monthly Production Update for February 2022March 2, 2022 | seekingalpha.comHut 8 Mining partners with Enthusiast Gaming to explore Web 3.0, metaverseFebruary 17, 2022 | finanznachrichten.deHut 8 Mining Corp: Josh Rayner Joins Hut 8 Mining as VP of SalesFebruary 14, 2022 | seekingalpha.comHut 8 mining announces ATM equity offering programFebruary 7, 2022 | msn.comHut 8 Stock and Galaxy Digital Stock Jump 13% as Bitcoin RisesFebruary 2, 2022 | finanznachrichten.deHut 8 Mining Corp: Hut 8 Expands Talent Roster with New Head of Marketing RoleSee More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:HUT CUSIPN/A CIK1731805 Webhut8mining.com Phone(647) 256-1992FaxN/AEmployees43Year FoundedN/ACompany Calendar Last Earnings11/11/2021Today7/05/2022Next Earnings (Estimated)8/11/2022Fiscal Year End12/31/2022Price 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 RatingBuy Rating Score (0-4)3 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.30) Trailing P/E RatioN/A Forward P/E Ratio3.79 P/E GrowthN/ANet Income$-58,020,000.00 Net Margins-27.23% Pretax Margin-20.17% Return on Equity4.99% Return on Assets4.40% Debt Debt-to-Equity Ratio0.05 Current Ratio20.13 Quick Ratio20.13 Sales & Book Value Annual Sales$138.64 million Price / Sales1.85 Cash Flow$0.25 per share Price / Cash Flow5.78 Book Value$2.66 per share Price / Book0.54Miscellaneous Outstanding Shares177,880,000Free FloatN/AMarket Cap$256.15 million OptionableOptionable BetaN/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 OfficerMr. Jason Zaluski, Head of TechnologyMs. Sue Ennis, VP of Corp. Devel.Ms. Viktoriya Griffin, Corp. Sec.Mr. James Beer, Sr. VP of OperationsMr. George Aizpurua, VP of CommunicationsMs. Erin Dermer, VP of Marketing, Communications & Public AffairsMr. Josh Rayner, VP of SalesMs. Melina Neron, HR Mang. Who are some of Hut 8 Mining's key competitors? Some companies that are related to Hut 8 Mining include Global Blue Group (GB), PropertyGuru (PGRU), Cars.com (CARS), 8X8 (EGHT), 8X8 (EGHT), Marathon Digital (MARA), Yext (YEXT), NerdWallet (NRDS), Sohu.com (SOHU), Skillz (SKLZ), Core Scientific (CORZ), trivago (TRVG), DoubleDown Interactive (DDI), Tucows (TCX) and GTY Technology (GTYH). View all of HUT's competitors. 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. 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