Free Trial
NASDAQ:HUT

Hut 8 (HUT) Stock Price, News & Analysis

$15.17
+0.38 (+2.57%)
(As of 07/26/2024 ET)
Today's Range
$15.01
$16.52
50-Day Range
$8.69
$20.93
52-Week Range
$6.18
$21.10
Volume
4.81 million shs
Average Volume
5.16 million shs
Market Capitalization
$1.37 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.08

Hut 8 MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
0.6% Downside
$15.08 Price Target
Short Interest
Bearish
16.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Hut 8 in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$145,926 Sold Last Quarter
Proj. Earnings Growth
N/A

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.

0.83 out of 5 stars

Finance Sector

843rd out of 898 stocks

Nondepository Credit Institutions Industry

48th out of 53 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

Smart Money Is Betting Big In HUT Options
625,000% Gain
Imagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.
Ya Gotta Try This: The Mango Hut
Hut 8 (NASDAQ:HUT) Trading Up 4%
625,000% Gain
Imagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.
Hut 8 Operations Update for June 2024
Hut 8 Operations Update for June 2024
See More Headlines
Receive HUT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Hut 8 and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/15/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:HUT
Fax
N/A
Employees
219
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.08
High Stock Price Target
$22.00
Low Stock Price Target
$7.50
Potential Upside/Downside
-0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$115.90 million
Cash Flow
$0.02 per share
Book Value
$5.48 per share

Miscellaneous

Free Float
79,545,000
Market Cap
$1.37 billion
Optionable
Optionable
Beta
4.11
The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report

Key Executives

  • Mr. Asher Kevin Genoot (Age 28)
    Co-Founder, CEO, President & Director
    Comp: $549.97k
  • Mr. Michael Ho (Age 30)
    Co- Founder, Chief Strategy Officer & Director
    Comp: $542.93k
  • Mr. Shenif Visram C.M.A. (Age 50)
    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

How have HUT shares performed this year?

Hut 8's stock was trading at $13.34 at the start of the year. Since then, HUT shares have increased by 13.7% and is now trading at $15.17.
View the best growth stocks for 2024 here
.

How were Hut 8's earnings last quarter?

Hut 8 Corp. (NASDAQ:HUT) announced its quarterly earnings data on Wednesday, May, 15th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.11. The firm had revenue of $51.74 million for the quarter, compared to analyst estimates of $50.60 million.

Who are Hut 8's major shareholders?

Top institutional shareholders of Hut 8 include Westend Capital Management LLC (0.53%) and Bank of New York Mellon Corp (0.32%). Insiders that own company stock include Jaime Leverton, Shenif Visram and Aniss Amdiss.
View institutional ownership trends
.

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 7/27/2024 by MarketBeat.com Staff

From Our Partners