Hut 8 Mining Corp. (NASDAQ:HUT) went up by 3.14% from its latest closing price compared to the recent 1-year high of $16.57. The company’s stock price has collected -0.61% of loss in the last five trading sessions.
Is It Worth Investing in Hut 8 Mining Corp. (NASDAQ :HUT) Right Now?
Plus, the 36-month beta value for HUT is at 2.77. Opinions of the stock are interesting as 5 analysts out of 5 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 $5.11. HUT currently public float of 158.75M and currently shorts hold a 8.44% ratio of that float. Today, the average trading volume of HUT was 8.63M shares.
HUT’s Market Performance
HUT stocks went down by -0.61% for the week, with a monthly drop of -33.60% and a quarterly performance of -71.18%, while its annual performance rate touched -54.19%. The volatility ratio for the week stands at 9.39% while the volatility levels for the past 30 days are set at 9.77% for Hut 8 Mining Corp. The simple moving average for the period of the last 20 days is -22.70% for HUT stocks with a simple moving average of -77.43% for the last 200 days.
Analysts’ Opinion of HUT
DA Davidson, on the other hand, stated in their research note that they expect to see HUT reach a price target of $20. The rating they have provided for HUT stocks is “Buy” according to the report published on October 15th, 2021.
Canaccord Genuity gave a rating of “Buy” to HUT, setting the target price at $12 in the report published on September 23rd of the previous year.
HUT Trading at -45.89% 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 -90.10% of loss for the given period.
Volatility was left at 9.77%, however, over the last 30 days, the volatility rate increased by 9.39%, as shares sank -33.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -66.39% lower at present.
During the last 5 trading sessions, HUT fell by -0.61%, which changed the moving average for the period of 200-days by -81.63% in comparison to the 20-day moving average, which settled at $2.0795. In addition, Hut 8 Mining Corp. saw -79.11% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HUT
Current profitability levels for the company are sitting at:
- +27.93 for the present operating margin
- +43.09 for the gross margin
The net margin for Hut 8 Mining Corp. stands at -41.84. Equity return is now at value -9.60, with -8.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 17.96.