Hut 8 Corp (NASDAQ: HUT) is -13.27% lower on its value in year-to-date trading and has touched a low of $6.18 and a high of $21.10 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 $11.17 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $11.57, the stock is 8.80% and -10.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.3 million and changing 3.58% at the moment leaves the stock 8.49% off its SMA200. HUT registered 16.87% gain for a year compared to 6-month gain of 32.68%.
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The stock witnessed a 1.05% loss in the last 1 month and extending the period to 3 months gives it a -7.66%, and is 4.90% up 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 6.53% over the week and 7.57% over the month.
Hut 8 Corp (HUT) has around 219 employees, a market worth around $1.05B and $138.52M in sales. Current P/E ratio is 10.53. Profit margin for the company is 108.03%. Distance from 52-week low is 87.22% and -45.16% from its 52-week high. The company has generated returns on investments over the last 12 months (15.63%).
The EPS is expected to grow by 135.21% this year.
Hut 8 Corp (HUT) Top Institutional Holders
224.0 institutions hold shares in Hut 8 Corp (HUT), with institutional investors hold 144.73% of the company’s shares. The shares outstanding are 88.96M, and float is at 80.77M with Short Float at 18.94%. Institutions hold 57.61% of the Float.
The top institutional shareholder in the company is YOUR ADVOCATES LTD., LLP with over 2000.0 shares valued at $29980.0. The investor’s holdings represent 0.0023% of the HUT Shares outstanding.
Hut 8 Corp (HUT) Insider Activity
The most recent transaction is an insider sale by Flinn Joseph, the company’s Director. SEC filings show that Flinn Joseph sold 7,618 shares of the company’s common stock on Aug 16 ’24 at a price of $11.74 per share for a total of $89427.0. Following the sale, the insider now owns 11861.0 shares.
Still, SEC filings show that on Aug 02 ’24, Visram Shenif (Chief Financial Officer) disposed off 20,239 shares at an average price of $13.38 for $0.27 million. The insider now directly holds 43,959 shares of Hut 8 Corp (HUT).
