Hut 8 Corp [HUT] stock is trading at $26.92, up 1.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HUT shares have gain 15.04% over the last week, with a monthly amount drifted -7.36%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Piper Sandler started tracking the stock with Overweight rating on December 17, 2024, and set its price target to $33. On December 09, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $35 on the stock. H.C. Wainwright upgraded its rating to a Buy and increased its price target to $13.50 on August 14, 2024. Craig Hallum upgraded its rating to a Buy but $12 remained the price target by the analyst firm on May 16, 2024. The Benchmark Company started tracking with a Buy rating for this stock on April 22, 2024, and assigned it a price target of $12. In a note dated March 18, 2024, Needham initiated an Buy rating and provided a target price of $12 on this stock.
Hut 8 Corp [HUT] stock has fluctuated 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 $26.92 at the most recent close of the market. An investor can expect a potential drop of -34.51% based on the average HUT price forecast.
Analyzing the HUT fundamentals
Hut 8 Corp [NASDAQ:HUT] reported sales of 169.59M for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
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 25.77 points at the first support level, and at 24.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.68, and for the 2nd resistance point, it is at 30.43.
Ratios To Look Out For
For context, Hut 8 Corp’s Current Ratio is 1.00. Also, the Quick Ratio is 1.00, while the Cash Ratio stands at 1.51. Considering the valuation of this stock, the price to sales ratio is 14.87, the price to book ratio is 3.58 and price to earnings (TTM) ratio is 13.42.
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.
