Hut 8 Corp (NASDAQ: HUT) closed the day trading at $7.72 down -4.81% from the previous closing price of $8.11. On the day, 2283684 shares were traded.
Ratios:
For a better understanding of HUT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.36. For the most recent quarter (mrq), Quick Ratio is recorded 4.61 and its Current Ratio is at 4.61. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on March 18, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On February 06, 2024, H.C. Wainwright Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $5.50.
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 Jan 12 ’24 when Leverton Jaime sold 35,761 shares for $10.10 per share. The transaction valued at 361,261 led to the insider holds 269,415 shares of the business.
Leverton Jaime sold 98,724 shares of HUT for $1,402,957 on Dec 22 ’23. The Chief Executive Officer now owns 238,509 shares after completing the transaction at $14.21 per share. On Dec 22 ’23, another insider, Amdiss Aniss, who serves as the Chief Legal Officer of the company, sold 18,513 shares for $14.21 each. As a result, the insider received 263,086 and left with 23,333 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 12.07 while its Price-to-Book (P/B) ratio in mrq is 1.16.
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.
Shares Statistics:
A total of 89.24M shares are outstanding, with a floating share count of 88.92M. Insiders hold about 0.35% of the company’s shares, while institutions hold 9.58% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Humana Inc. analysts. The consensus estimate for the next quarter is $7.72, with high estimates of $10.65 and low estimates of $205.10.
Analysts are recommending an EPS of between $Financial Services and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Financial Services.
