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Is There a Dimmer Outlook Ahead for Hut 8 Mining Corp. (HUT)?

Hut 8 Mining Corp. (NASDAQ:HUT) went up by 15.66% from its latest closing price compared to the recent 1-year high of $8.34. The company’s stock price has collected 34.27% of gains 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 3.13. Opinions of the stock are interesting as 3 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,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $3.19. HUT currently public float of 183.08M and currently shorts hold a 6.26% ratio of that float. Today, the average trading volume of HUT was 7.54M shares.

HUT’s Market Performance

HUT stocks went up by 34.27% for the week, with a monthly jump of 120.69% and a quarterly performance of 0.00%, while its annual performance rate touched -68.37%. The volatility ratio for the week stands at 19.59% while the volatility levels for the past 30 days are set at 12.35% for Hut 8 Mining Corp. The simple moving average for the period of the last 20 days is 75.89% for HUT stocks with a simple moving average of -9.19% for the last 200 days.

Analysts’ Opinion of HUT

Many brokerage firms have already submitted their reports for HUT stocks, with H.C. Wainwright repeating the rating for HUT by listing it as a “Neutral.” The predicted price for HUT in the upcoming period, according to H.C. Wainwright is $1.50 based on the research report published on December 09th of the previous year 2022.

Craig Hallum, on the other hand, stated in their research note that they expect to see HUT reach a price target of $2, previously predicting the price at $5. The rating they have provided for HUT stocks is “Hold” according to the report published on November 11th, 2022.

HUT Trading at 61.19% 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 -76.98% of loss for the given period.

Volatility was left at 12.35%, however, over the last 30 days, the volatility rate increased by 19.59%, as shares surge +120.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.12% lower at present.

During the last 5 trading sessions, HUT rose by +34.27%, which changed the moving average for the period of 200-days by -65.41% in comparison to the 20-day moving average, which settled at $1.1440. In addition, Hut 8 Mining Corp. saw 125.88% 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:

  • +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 -30.10, with -25.70 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 17.96.

Is SSR Mining Inc. (SSRM) a Keeper?

SSR Mining Inc. (NASDAQ:SSRM) went down by -3.03% from its latest closing price compared to the recent 1-year high of $24.58. The company’s stock price