At the time of writing, Hut 8 Corp [HUT] stock is trading at $13.39, up 0.53%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HUT shares have gain 3.56% over the last week, with a monthly amount drifted -4.49%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Hut 8 Corp [NASDAQ: HUT] stock has seen the most recent analyst activity on March 07, 2025, when Rosenblatt initiated its Buy rating and assigned the stock a price target of $23. On December 17, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $33 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $35 on December 09, 2024. H.C. Wainwright upgraded its rating to a Buy and raised its price target to $13.50 on August 14, 2024. Craig Hallum upgraded its rating to Buy for this stock on May 16, 2024, but kept the price target unchanged to $12. In a note dated April 22, 2024, The Benchmark Company initiated an Buy rating and provided a target price of $12 on this stock.
For the past year, the stock price of Hut 8 Corp fluctuated between $6.95 and $31.95. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Hut 8 Corp [NASDAQ: HUT] shares were valued at $13.39 at the most recent close of the market. An investor can expect a potential return of 138.98% based on the average HUT price forecast.
Analyzing the HUT fundamentals
According to Hut 8 Corp [NASDAQ:HUT], the company’s sales were 162.39M for trailing twelve months, which represents an -18.53% plunge. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at 1.57%, and Net Profit Margin reading is 1.56%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.31 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 12.90 points at the first support level, and at 12.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.76, and for the 2nd resistance point, it is at 14.12.
Ratios To Look Out For
It is important to note that Hut 8 Corp [NASDAQ:HUT] has a current ratio of 1.67. As well, the Quick Ratio is 1.67, while the Cash Ratio is 1.51. Considering the valuation of this stock, the price to sales ratio is 8.56, the price to book ratio is 1.36 and price to earnings (TTM) ratio is 3.92.
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.
