In the past week, HUT stock has gone up by 17.06%, with a monthly gain of 29.26% and a quarterly surge of 48.01%. The volatility ratio for the week is 10.65%, and the volatility levels for the last 30 days are 8.59% for Hut 8 Corp The simple moving average for the past 20 days is 18.37% for HUT’s stock, with a 19.75% simple moving average for the past 200 days.
Is It Worth Investing in Hut 8 Corp (NASDAQ: HUT) Right Now?
The price-to-earnings ratio for Hut 8 Corp (NASDAQ: HUT) is above average at 7.14x, Company’s 36-month beta value is 3.32.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for HUT is 79.96M, and currently, short sellers hold a 8.49% ratio of that floaft. The average trading volume of HUT on June 17, 2024 was 3.56M shares.
HUT) stock’s latest price update
Hut 8 Corp (NASDAQ: HUT)’s stock price has soared by 2.22 in relation to previous closing price of 11.28. Nevertheless, the company has seen a gain of 17.06% in its stock price over the last five trading days. zacks.com reported 2024-06-17 that We have narrowed our search to five bitcoin-oriented stocks that have strong potential for the rest of 2024. These are: NVDA, COIN, HOOD, HUT, IBKR.
Analysts’ Opinion of HUT
Many brokerage firms have already submitted their reports for HUT stocks, with Craig Hallum repeating the rating for HUT by listing it as a “Buy.” The predicted price for HUT in the upcoming period, according to Craig Hallum is $12 based on the research report published on May 16, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see HUT reach a price target of $12. The rating they have provided for HUT stocks is “Buy” according to the report published on April 22nd, 2024.
Needham gave a rating of “Buy” to HUT, setting the target price at $12 in the report published on March 18th of the current year.
HUT Trading at 29.69% 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 -49.32% of loss for the given period.
Volatility was left at 8.59%, however, over the last 30 days, the volatility rate increased by 10.65%, as shares surge +24.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.79% upper at present.
During the last 5 trading sessions, HUT rose by +15.59%, which changed the moving average for the period of 200-days by -13.74% in comparison to the 20-day moving average, which settled at $9.85. In addition, Hut 8 Corp saw -13.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HUT starting from Visram Shenif, who sale 17,905 shares at the price of $8.15 back on May 09 ’24. After this action, Visram Shenif now owns 30,865 shares of Hut 8 Corp, valued at $145,940 using the latest closing price.
Leverton Jaime, the Chief Executive Officer of Hut 8 Corp, sale 35,761 shares at $10.10 during a trade that took place back on Jan 12 ’24, which means that Leverton Jaime is holding 269,415 shares at $361,261 based on the most recent closing price.
Stock Fundamentals for HUT
Current profitability levels for the company are sitting at:
- 0.7 for the present operating margin
- -0.29 for the gross margin
The net margin for Hut 8 Corp stands at -3.11. The total capital return value is set at 0.34. Equity return is now at value 40.14, with 30.98 for asset returns.
Based on Hut 8 Corp (HUT), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at -0.21. The debt to equity ratio resting at 6.14. The interest coverage ratio of the stock is 5.43.
Currently, EBITDA for the company is 3.57 million with net debt to EBITDA at 1.14. When we switch over and look at the enterprise to sales, we see a ratio of 18.95. The receivables turnover for the company is 178.47for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
In a nutshell, Hut 8 Corp (HUT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
