Hut 8 Mining Corp. (NASDAQ:HUT) went up by 9.33% from its latest closing price compared to the recent 1-year high of $13.00. The company’s stock price has collected -0.24% of loss in the last five trading sessions. Press Release reported on 07/02/21 that (PR) Hut 8 and Bitfury BV agree to terminate Investor Rights Agreement
Is It Worth Investing in Hut 8 Mining Corp. (NASDAQ :HUT) Right Now?
Hut 8 Mining Corp. (NASDAQ:HUT) scored a price-to-earnings ratio above its average ratio, recording 9.34 x from its present earnings ratio. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Hut 8 Mining Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $14.00. HUT currently public float of 100.69M. Today, the average trading volume of HUT was 1.65M shares.
HUT’s Market Performance
HUT stocks went down by -0.24% for the week, with a monthly jump of 17.88% and a quarterly performance of -25.18%, while its annual performance rate touched 424.22%. The volatility ratio for the week stands at 8.55% while the volatility levels for the past 30 days are set at 9.64% for Hut 8 Mining Corp.. The simple moving average for the period of the last 20 days is -2.14% for HUT stocks with a simple moving average of 0.66% for the last 200 days.
HUT Trading at -0.58% from the 50-Day Moving Average
After a stumble in the market that brought HUT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.54% of loss for the given period.
Volatility was left at 9.64%, however, over the last 30 days, the volatility rate increased by 8.55%, as shares surge +18.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.53% lower at present.
During the last 5 trading sessions, HUT fell by -0.24%, which changed the moving average for the period of 200-days by +478.08% in comparison to the 20-day moving average, which settled at $4.35. In addition, Hut 8 Mining Corp. saw 53.45% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HUT
Current profitability levels for the company are sitting at:
- -58.14 for the present operating margin
- -51.13 for the gross margin
The net margin for Hut 8 Mining Corp. stands at +46.77. The total capital return value is set at -22.53, while invested capital returns managed to touch 21.39.
Based on Hut 8 Mining Corp. (HUT), the company’s capital structure generated 22.29 points at debt to equity in total, while total debt to capital is 18.23.
When we switch over and look at the enterprise to sales, we see a ratio of 6.14, with the company’s debt to enterprise value settled at 0.10. The receivables turnover for the company is 58.39 and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.55.