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Hut 8 Corp (NASDAQ: HUT) closed the day trading at $11.17 down -2.27% from the previous closing price of $11.43. In other words, the price has decreased by -$2.27 from its previous closing price. On the day, 5.83 million shares were traded. HUT stock price reached its highest trading level at $11.4471 during the session, while it also had its lowest trading level at $10.96.
Ratios:
For a better understanding of HUT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.45.
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 the company, H.C. Wainwright on August 14, 2024, Upgraded its rating to Buy and sets its target price to $13.50 from $7.50 previously.
On May 16, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $12.
On April 22, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $12.The Benchmark Company initiated its Buy rating on April 22, 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 Aug 16 ’24 when Flinn Joseph sold 7,618 shares for $11.74 per share. The transaction valued at 89,427 led to the insider holds 11,861 shares of the business.
Flinn Joseph bought 7,618 shares of HUT for $89,427 on Aug 16 ’24. On Aug 02 ’24, another insider, Visram Shenif, who serves as the Chief Financial Officer of the company, sold 20,239 shares for $13.38 each. As a result, the insider received 270,705 and left with 43,959 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 1017352448 and an Enterprise Value of 1215720960. As of this moment, Hut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.34 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 7.069 whereas that against EBITDA is 4.777.
Stock Price History:
Over the past 52 weeks, HUT has reached a high of $21.10, while it has fallen to a 52-week low of $6.18. The 50-Day Moving Average of the stock is -14.46%, while the 200-Day Moving Average is calculated to be 4.78%.
Shares Statistics:
Over the past 3-months, HUT traded about 5.60M shares per day on average, while over the past 10 days, HUT traded about 3993790 shares per day. A total of 88.96M shares are outstanding, with a floating share count of 80.77M. Insiders hold about 11.32% of the company’s shares, while institutions hold 55.60% stake in the company. Shares short for HUT as of 1724976000 were 15296679 with a Short Ratio of 2.73, compared to 1722384000 on 11960421. Therefore, it implies a Short% of Shares Outstanding of 15296679 and a Short% of Float of 18.709999999999997.
