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After finishing at $8.81 in the prior trading day, Hut 8 Corp (NASDAQ: HUT) closed at $8.34, down -5.33%. In other words, the price has decreased by -$5.33 from its previous closing price. On the day, 1.58 million shares were traded. HUT stock price reached its highest trading level at $8.7099 during the session, while it also had its lowest trading level at $8.235.
Ratios:
Our goal is to gain a better understanding of HUT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.97. 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.
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, The Benchmark Company on April 22, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On March 18, 2024, Needham started tracking the stock assigning a Buy rating and target price of $12.
H.C. Wainwright Downgraded its Neutral to Sell on February 06, 2024, while the target price for the stock was maintained at $5.50.
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 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 786180096 and an Enterprise Value of 973071680. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.04 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 8.028 whereas that against EBITDA is 20.462.
Stock Price History:
The Beta on a monthly basis for HUT is 3.00, which has changed by -0.041379333 over the last 52 weeks, in comparison to a change of 0.24191546 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 $6.18. The 50-Day Moving Average of the stock is -3.40%, while the 200-Day Moving Average is calculated to be -22.26%.
Shares Statistics:
The stock has traded on average 4.40M shares per day over the past 3-months and 2470130 shares per day over the last 10 days, according to various share statistics. A total of 89.24M shares are outstanding, with a floating share count of 88.92M. Insiders hold about 0.35% of the company’s shares, while institutions hold 10.04% stake in the company. Shares short for HUT as of 1713139200 were 9155076 with a Short Ratio of 2.08, compared to 1710460800 on 9560828.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 3.0 analysts currently analyzing and rating the stock of Hut 8 Corp (HUT).On average, analysts expect EPS of $0.59 for the current quarter, with a high estimate of $1.54 and a low estimate of $0.01, while EPS last year was $2.35. The consensus estimate for the next quarter is $0.31, with high estimates of $1.05 and low estimates of -$0.08.
Analysts are recommending an EPS of between $2.75 and -$0.28 for the fiscal current year, implying an average EPS of $0.79. EPS for the following year is -$0.51, with 1.0 analysts recommending between -$0.51 and -$0.51.
Revenue Estimates
4 analysts predict $65.07M in revenue for the current quarter. It ranges from a high estimate of $86.34M to a low estimate of $52M. As of the current estimate, Hut 8 Corp’s year-ago sales were $21.2MFor the next quarter, 4 analysts are estimating revenue of $54.27M. There is a high estimate of $61.28M for the next quarter, whereas the lowest estimate is $44.2M.
A total of 4 analysts have provided revenue estimates for HUT’s current fiscal year. The highest revenue estimate was $271.63M, while the lowest revenue estimate was $188M, resulting in an average revenue estimate of $212.64M. In the same quarter a year ago, actual revenue was $94.09MBased on 1 analysts’ estimates, the company’s revenue will be $150.84M in the next fiscal year. The high estimate is $150.84M and the low estimate is $150.84M.
