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Hut 8 Corp (NASDAQ: HUT) closed the day trading at $10.47 up 4.28% from the previous closing price of $10.04. In other words, the price has increased by $4.28 from its previous closing price. On the day, 5.36 million shares were traded. HUT stock price reached its highest trading level at $10.83 during the session, while it also had its lowest trading level at $9.95.
Ratios:
For a better understanding of HUT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.31 and its Current Ratio is at 0.31. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.20.
On April 22, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $12.
On March 18, 2024, Needham started tracking the stock assigning a Buy rating and target price of $12.Needham initiated its Buy rating on March 18, 2024, with a $12 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 09 ’24 when Visram Shenif sold 17,905 shares for $8.15 per share. The transaction valued at 145,940 led to the insider holds 30,865 shares of the business.
Leverton Jaime sold 35,761 shares of HUT for $361,261 on Jan 12 ’24. The Chief Executive Officer now owns 269,415 shares after completing the transaction at $10.10 per share. On Dec 22 ’23, another insider, Leverton Jaime, who serves as the Chief Executive Officer of the company, sold 98,724 shares for $14.21 each. As a result, the insider received 1,402,957 and left with 238,509 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HUT now has a Market Capitalization of 946404288 and an Enterprise Value of 1162118272. As of this moment, Hut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.49, and their Forward P/E ratio for the next fiscal year is 69.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.05 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 7.388 whereas that against EBITDA is 3.529.
Stock Price History:
Over the past 52 weeks, HUT has reached a high of $22.75, while it has fallen to a 52-week low of $6.18. The 50-Day Moving Average of the stock is 18.65%, while the 200-Day Moving Average is calculated to be 8.20%.
Shares Statistics:
Over the past 3-months, HUT traded about 3.38M shares per day on average, while over the past 10 days, HUT traded about 3736100 shares per day. A total of 88.96M shares are outstanding, with a floating share count of 79.83M. Insiders hold about 11.69% of the company’s shares, while institutions hold 20.29% stake in the company. Shares short for HUT as of 1715731200 were 6787599 with a Short Ratio of 2.01, compared to 1713139200 on 7513033. Therefore, it implies a Short% of Shares Outstanding of 6787599 and a Short% of Float of 8.37.
Earnings Estimates
A detailed examination of Hut 8 Corp (HUT) is currently in progress, with 3.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of $0.31 for the current quarter, with a high estimate of $1.05 and a low estimate of -$0.08, while EPS last year was -$0.4. The consensus estimate for the next quarter is -$0.03, with high estimates of $0.08 and low estimates of -$0.12.
Analysts are recommending an EPS of between $2.75 and -$0.11 for the fiscal current year, implying an average EPS of $0.86. EPS for the following year is -$0.7, with 1.0 analysts recommending between -$0.7 and -$0.7.
Revenue Estimates
4 analysts predict $55.94M in revenue for the current quarter. It ranges from a high estimate of $72.5M to a low estimate of $44.2M. As of the current estimate, Hut 8 Corp’s year-ago sales were $19.18MFor the next quarter, 4 analysts are estimating revenue of $45.7M. There is a high estimate of $52.74M for the next quarter, whereas the lowest estimate is $40M.
A total of 4 analysts have provided revenue estimates for HUT’s current fiscal year. The highest revenue estimate was $242.3M, while the lowest revenue estimate was $185.3M, resulting in an average revenue estimate of $206.38M. In the same quarter a year ago, actual revenue was $94.09MBased on 2 analysts’ estimates, the company’s revenue will be $222.18M in the next fiscal year. The high estimate is $238.46M and the low estimate is $205.9M.
