Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $19.53 in the prior trading day, Hut 8 Corp (NASDAQ: HUT) closed at $17.93, down -8.19%. In other words, the price has decreased by -$8.19 from its previous closing price. On the day, 6.37 million shares were traded.
Ratios:
Our goal is to gain a better understanding of HUT by taking a closer look at its different ratios. 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.
On December 17, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $33.
On December 09, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $35.Cantor Fitzgerald initiated its Overweight rating on December 09, 2024, with a $35 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:
As of this moment, Hut’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.94, and their Forward P/E ratio for the next fiscal year is 151.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.90 while its Price-to-Book (P/B) ratio in mrq is 2.38.
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 -22.91%, while the 200-Day Moving Average is calculated to be 8.28%.
Shares Statistics:
A total of 93.51M shares are outstanding, with a floating share count of 83.37M. Insiders hold about 11.01% of the company’s shares, while institutions hold 65.06% stake in the company.
