The closing price of Hut 8 Corp (NASDAQ: HUT) was $7.93 for the day, up 2.72% from the previous closing price of $7.72. In other words, the price has increased by $+0.21 from its previous closing price. On the day, 3994183 shares were traded.
Ratios:
Our analysis of HUT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.74. 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.
Craig Hallum Downgraded its Buy to Hold on November 11, 2022, whereas the target price for the stock was revised from $5 to $2.
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 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:
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 706.37M and an Enterprise Value of 933.95M. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.36 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 12.64 whereas that against EBITDA is -39.74.
Stock Price History:
The Beta on a monthly basis for HUT is 3.05, which has changed by 5.73% over the last 52 weeks, in comparison to a change of 32.88% over the same period for the S&P500. Over the past 52 weeks, HUT has reached a high of $22.75, while it has fallen to a 52-week low of $6.05. The 50-Day Moving Average of the stock is 9.26, while the 200-Day Moving Average is calculated to be 11.49.
Shares Statistics:
HUT traded an average of 6.88M shares per day over the past three months and 5.11M shares per day over the past ten days. A total of 88.96M shares are outstanding, with a floating share count of 88.65M. Insiders hold about 0.35% of the company’s shares, while institutions hold 9.60% stake in the company. Shares short for HUT as of Feb 15, 2024 were 9.57M with a Short Ratio of 1.39, compared to 8.39M on Jan 12, 2024.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.25 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.35, while EPS last year was -$4.5. The consensus estimate for the next quarter is -$0.35, with high estimates of -$0.35 and low estimates of -$0.35.
Analysts are recommending an EPS of between $0.7 and $0.5 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is -$1.27, with 2 analysts recommending between -$0.75 and -$1.8.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $27.16M to a low estimate of $20.15M. As of the current estimate, Hut 8 Corp’s year-ago sales were $21.83M, an estimated increase of 8.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $25.62M, an increase of 20.80% over than the figure of $8.40% in the same quarter last year. There is a high estimate of $28.8M for the next quarter, whereas the lowest estimate is $22.44M.
A total of 3 analysts have provided revenue estimates for HUT’s current fiscal year. The highest revenue estimate was $115.4M, while the lowest revenue estimate was $75.3M, resulting in an average revenue estimate of $91.01M. In the same quarter a year ago, actual revenue was $150.68M, down -39.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $86.64M in the next fiscal year. The high estimate is $100.48M and the low estimate is $72.8M. The average revenue growth estimate for next year is down -4.80% from the average revenue estimate for this year.
