Hut 8 Corp [HUT] stock prices are up 6.33% to $29.06 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HUT shares have gain 6.84% over the last week, with a monthly amount glided 25.58%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hut 8 Corp [NASDAQ: HUT] stock has seen the most recent analyst activity on December 09, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $35. Previously, H.C. Wainwright upgraded its rating to Buy on August 14, 2024, and elevated its price target to $13.50. On May 16, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $12 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $12 on April 22, 2024. Needham initiated its recommendation with a Buy and recommended $12 as its price target on March 18, 2024. H.C. Wainwright downgraded its rating to Sell for this stock on February 06, 2024, but kept the price target unchanged to $5.50.
The stock price of Hut 8 Corp [HUT] has been fluctuating between $6.18 and $31.95 over the past year. Currently, Wall Street analysts expect the stock to reach $17.63 within the next 12 months. Hut 8 Corp [NASDAQ: HUT] shares were valued at $29.06 at the most recent close of the market. An investor can expect a potential drop of -39.33% based on the average HUT price forecast.
Analyzing the HUT fundamentals
The Hut 8 Corp [NASDAQ:HUT] reported sales of 169.59M for trailing twelve months, representing a surge of 245.47%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at 1.37%, and Net Profit Margin reading is 1.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.41 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.15 points at the first support level, and at 25.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.15, and for the 2nd resistance point, it is at 33.24.
Ratios To Look Out For
It’s worth pointing out that Hut 8 Corp [NASDAQ:HUT]’s Current Ratio is 1.00. In addition, the Quick Ratio stands at 1.00 and the Cash Ratio stands at 1.51. Considering the valuation of this stock, the price to sales ratio is 16.05, the price to book ratio is 3.86 and price to earnings (TTM) ratio is 14.48.
Transactions by insiders
Recent insider trading involved Flinn Joseph, Director, that happened on Aug 16 ’24 when 7618.0 shares were sold. Director, Flinn Joseph completed a deal on Aug 16 ’24 to buy 7618.0 shares. Meanwhile, Chief Financial Officer Visram Shenif sold 20239.0 shares on Aug 02 ’24.
