Hut 8 Mining Corp. (NASDAQ:HUT) went down by -4.69% from its latest closing price compared to the recent 1-year high of $16.57. The company’s stock price has collected -9.85% 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 2.98.
The average price from analysts is $4.67. HUT currently public float of 161.69M and currently shorts hold a 7.64% ratio of that float. Today, the average trading volume of HUT was 12.74M shares.
HUT’s Market Performance
HUT stocks went down by -9.85% for the week, with a monthly drop of -21.12% and a quarterly performance of 11.59%, while its annual performance rate touched -76.63%. The volatility ratio for the week stands at 6.61% while the volatility levels for the past 30 days are set at 8.38% for Hut 8 Mining Corp. The simple moving average for the period of the last 20 days is -11.88% for HUT stocks with a simple moving average of -57.52% for the last 200 days.
Analysts’ Opinion of HUT
DA Davidson gave a rating of “Buy” to HUT, setting the target price at $20 in the report published on October 15th of the previous year.
HUT Trading at -16.52% 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 -88.96% of loss for the given period.
Volatility was left at 8.38%, however, over the last 30 days, the volatility rate increased by 6.61%, as shares sank -14.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.00% upper at present.
During the last 5 trading sessions, HUT fell by -9.85%, which changed the moving average for the period of 200-days by -82.55% in comparison to the 20-day moving average, which settled at $2.0617. In addition, Hut 8 Mining Corp. saw -76.69% 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 -20.40, with -17.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 17.96.