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The closing price of Hut 8 Corp (NASDAQ: HUT) was $25.92 for the day, up 10.39% from the previous closing price of $23.48. In other words, the price has increased by $10.39 from its previous closing price. On the day, 8.03 million shares were traded. HUT stock price reached its highest trading level at $26.42 during the session, while it also had its lowest trading level at $22.6508.
Ratios:
Our analysis of HUT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.39.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2425622272 and an Enterprise Value of 2565273600. As of this moment, Hut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.92, and their Forward P/E ratio for the next fiscal year is 264.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.08 while its Price-to-Book (P/B) ratio in mrq is 3.44. Its current Enterprise Value per Revenue stands at 13.222 whereas that against EBITDA is 10.158.
Stock Price History:
Over the past 52 weeks, HUT has reached a high of $28.47, while it has fallen to a 52-week low of $6.18. The 50-Day Moving Average of the stock is 63.07%, while the 200-Day Moving Average is calculated to be 114.63%.
Shares Statistics:
HUT traded an average of 5.40M shares per day over the past three months and 9850370 shares per day over the past ten days. A total of 88.96M shares are outstanding, with a floating share count of 82.99M. Insiders hold about 11.32% of the company’s shares, while institutions hold 58.13% stake in the company. Shares short for HUT as of 1730332800 were 12727909 with a Short Ratio of 2.36, compared to 1727654400 on 15797744. Therefore, it implies a Short% of Shares Outstanding of 12727909 and a Short% of Float of 15.14.
