Hut 8 Corp (NASDAQ: HUT) is 73.46% higher on its value in year-to-date trading and has touched a low of $6.18 and a high of $28.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HUT stock was last observed hovering at around $24.78 in the last trading session, with the day’s loss setting it -1.64%.
Currently trading at $23.14, the stock is 28.22% and 63.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.25 million and changing -6.62% at the moment leaves the stock 100.47% off its SMA200. HUT registered 152.90% gain for a year compared to 6-month gain of 159.42%. The firm has a 50-day simple moving average (SMA 50) of $13.8748 and a 200-day simple moving average (SMA200) of $11.4648.
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The stock witnessed a 79.38% loss in the last 1 month and extending the period to 3 months gives it a 100.52%, and is 21.98% 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 13.40% over the week and 10.71% over the month.
Hut 8 Corp (HUT) has around 219 employees, a market worth around $2.95B and $169.59M in sales. Current P/E ratio is 11.53 and Fwd P/E is 236.12. Profit margin for the company is 112.17%. Distance from 52-week low is 274.43% and -18.72% from its 52-week high. The company has generated returns on investments over the last 12 months (19.51%).
The EPS is expected to grow by 139.63% this year
232.0 institutions hold shares in Hut 8 Corp (HUT), with institutional investors hold 144.66% of the company’s shares. The shares outstanding are 88.96M, and float is at 80.77M with Short Float at 15.76%. Institutions hold 59.80% 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).
