Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Hut 8 Corp (NASDAQ: HUT) closed at $13.51 in the last session, up 0.75% from day before closing price of $13.41. In other words, the price has increased by $0.75 from its previous closing price. On the day, 5.32 million shares were traded.
Ratios:
We take a closer look at HUT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.28.
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, Rosenblatt on March 07, 2025, initiated with a Buy rating and assigned the stock a target price of $23.
On December 17, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $33.Piper Sandler initiated its Overweight rating on December 17, 2024, with a $33 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
As of this moment, Hut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.95, and their Forward P/E ratio for the next fiscal year is 20.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.64 while its Price-to-Book (P/B) ratio in mrq is 1.38.
Stock Price History:
Over the past 52 weeks, HUT has reached a high of $31.95, while it has fallen to a 52-week low of $6.77. The 50-Day Moving Average of the stock is -35.17%, while the 200-Day Moving Average is calculated to be -19.90%.
Shares Statistics:
A total of 99.48M shares are outstanding, with a floating share count of 92.43M. Insiders hold about 11.02% of the company’s shares, while institutions hold 58.84% stake in the company.
