Hut 8 Mining Corp. (NASDAQ: HUT) is -77.07% lower on its value in year-to-date trading and has touched a low of $1.27 and a high of $16.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HUT stock was last observed hovering at around $1.91 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $4.75 for the next 12 months. It is also 64.0% off the consensus price target high of $5.00 offered by 5 analysts, but current levels are 39.8% higher than the price target low of $2.99 for the same period.
Currently trading at $1.80, the stock is -12.08% and -18.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.87 million and changing -5.76% at the moment leaves the stock -57.42% off its SMA200. HUT registered -79.17% loss for a year compared to 6-month loss of -68.70%.
The stock witnessed a -18.18% gain in the last 1 month and extending the period to 3 months gives it a 11.80%, and is -15.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.71% over the week and 8.54% over the month.
Hut 8 Mining Corp. (HUT) has around 43 employees, a market worth around $506.79M and $205.40M in sales. Profit margin for the company is -58.50%. Distance from 52-week low is 41.73% and -89.14% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).
Hut 8 Mining Corp. (HUT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Hut 8 Mining Corp. (HUT) is a “Buy”. 5 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Hut 8 Mining Corp. is expected to release its quarterly report on 11/10/2022.The EPS is expected to shrink by -368.30% this year
Hut 8 Mining Corp. (HUT) Top Institutional Holders
The shares outstanding are 178.01M, and float is at 161.69M with Short Float at 7.64%.
Hut 8 Mining Corp. (HUT) Insider Activity
A total of 8 insider transactions have happened at Hut 8 Mining Corp. (HUT) in the last six months, with sales accounting for 3 and purchases happening 5 times.