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NASDAQ:HUT

Hut 8 (HUT) Stock Price, News & Analysis

$8.69
-0.30 (-3.34%)
(As of 05/31/2024 ET)
Today's Range
$8.53
$9.18
50-Day Range
$7.24
$11.04
52-Week Range
$6.18
$22.75
Volume
5.82 million shs
Average Volume
4.55 million shs
Market Capitalization
$785.49 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.25

Hut 8 MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
41.0% Upside
$12.25 Price Target
Short Interest
Bearish
8.51% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.59mentions of Hut 8 in the last 14 days
Based on 4 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.

2.35 out of 5 stars

Finance Sector

616th out of 889 stocks

Nondepository Credit Institutions Industry

30th out of 50 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

Meme Stock Madness: 3 Overcooked Stocks to Offload Now
Hut 8 Corp.: Hut 8 Reports First Quarter 2024 Results
Hut 8 1Q Profit Surges as Revenue Triples
Hut 8 Reports First Quarter 2024 Results
Hut 8 Reports First Quarter 2024 Results
Hut 8 Operations Update for April 2024
Hut 8 Operations Update for April 2024
Hut 8 Corp. (HUT)
See More Headlines
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Company Calendar

Last Earnings
8/14/2023
Today
6/01/2024
Next Earnings (Estimated)
8/12/2024
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
$12.25
High Stock Price Target
$15.00
Low Stock Price Target
$7.50
Potential Upside/Downside
+41.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
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
79,545,000
Market Cap
$785.49 million
Optionable
Optionable
Beta
3.98
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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

Should I buy or sell Hut 8 stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hut 8 in the last year. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street 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 1 year price objectives for Hut 8's stock. Their HUT share price targets range from $7.50 to $15.00. On average, they expect the company's share price to reach $12.25 in the next year. This suggests a possible upside of 41.0% 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 stock has decreased by 34.9% and is now trading at $8.69.
View the best growth stocks for 2024 here
.

Are investors shorting Hut 8?

Hut 8 saw a increase in short interest in May. As of May 15th, there was short interest totaling 6,790,000 shares, an increase of 10.0% from the April 30th total of 6,170,000 shares. Based on an average trading volume of 3,620,000 shares, the short-interest ratio is currently 1.9 days. Approximately 8.5% of the shares of the company 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 Monday, August 12th 2024.
View our HUT earnings forecast
.

How were Hut 8's earnings last quarter?

Hut 8 Corp. (NASDAQ:HUT) issued its quarterly earnings results on Monday, August, 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.01. The firm earned $14.28 million during 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 quarter last year, the firm earned ($0.12) EPS.

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 Vanguard Group Inc. (3.11%), Tidal Investments LLC (1.84%), Van ECK Associates Corp (1.41%), Vident Advisory LLC (0.65%), Westend Capital Management LLC (0.53%) and Anson Funds Management LP (0.28%). Insiders that own company stock include Aniss Amdiss, Jaime Leverton and Shenif Visram.
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 6/1/2024 by MarketBeat.com Staff

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