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Hut 8 (HUT)
NASDAQ:HUT
Holding HUT?
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HUT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.18 - $21.10
Previous Close$18.97
Volume4.71M
Average Volume (3M)4.59M
Market Cap
$1.73B
Enterprise Value$1.91B
Total Cash (Recent Filing)C$175.48M
Total Debt (Recent Filing)C$347.50M
Price to Earnings (P/E)17.3
Beta2.42
Next Earnings
Nov 13, 2024EPS Estimate
-$0.28Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.10
Shares Outstanding91,078,961
10 Day Avg. Volume6,871,753
30 Day Avg. Volume4,590,454
Standard Deviation0.40
R-Squared0.19
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)2.70
Price to Sales (P/S)17.06
Price to Cash Flow (P/CF)-27.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$19.89Price Target Upside1.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Hut 8 News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe 2025 revenue estimate is increased to $253.3M, reflecting a significant boost in digital asset mining revenues and other income streams.
Fleet UpgradeThe fleet upgrade is expected to drive a 66% increase in deployed hash rate, improving the company's average fleet efficiency by 37%.
Hosting AgreementThe unique hosting arrangement and miner purchase option structure provides Hut with stable, recurring hosting revenues from Bitmain that are not tethered to BTC price fluctuations.
Bears Say
Market VolatilityVolatile BTC prices pose a significant risk to the stock rating and price target.
Operational ConcernsFaster than expected increases in the network hash rate have led to lowered estimates for future financial performance.
Strategic DecisionsInvestors expressed disappointment over the lack of an announced HPC build at the new site, indicating concerns about strategic focus.
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Ownership Overview
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Insiders
8.80% Mutual Funds
2.10% Other Institutional Investors
69.39% Public Companies and Individual Investors
HUT FAQ
What was Hut 8’s price range in the past 12 months?
Hut 8 lowest stock price was $6.18 and its highest was $21.10 in the past 12 months.
What is Hut 8’s market cap?
Currently, no data Available
When is Hut 8’s upcoming earnings report date?
Hut 8’s upcoming earnings report date is Nov 13, 2024 which is in 3 days.
How were Hut 8’s earnings last quarter?
Hut 8 released its earnings results on Aug 13, 2024. The company reported -$0.77 earnings per share for the quarter, missing the consensus estimate of -$0.032 by -$0.738.
Is Hut 8 overvalued?
According to Wall Street analysts Hut 8’s price is currently Undervalued.
Does Hut 8 pay dividends?
Hut 8 does not currently pay dividends.
What is Hut 8’s EPS estimate?
Hut 8’s EPS estimate is -$0.28.
How many shares outstanding does Hut 8 have?
Hut 8 has 91,078,964 shares outstanding.
What happened to Hut 8’s price movement after its last earnings report?
Hut 8 reported an EPS of -$0.77 in its last earnings report, missing expectations of -$0.032. Following the earnings report the stock price went down -3.775%.
Which hedge fund is a major shareholder of Hut 8?
Currently, no hedge funds are holding shares in HUT
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Hut 8 Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$19.89 (1.57% Upside)
$19.89 (1.57% Upside)
Blogger Sentiment
Bullish
HUT Sentiment 95%
Sector Average 68%
Sector Average 68%
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.8%
Last 30 Days ▲ 2.6%
Last 30 Days ▲ 2.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
62.40%
12-Months-Change
Fundamentals
Return on Equity
31.07%
Trailing 12-Months
Asset Growth
166.77%
Trailing 12-Months
Company Description
Hut 8
Hut 8 Mining Corp is a cryptocurrency mining company with industrial scale bitcoin mining operations in Canada. It provides investors with direct exposure to bitcoin, without the technical complexity or constraints of purchasing the underlying cryptocurrency. It is in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the bitcoin blockchain. The company receives bitcoin in return from the commercial activity of bitcoin mining.
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HUT Stock 12 Month Forecast
Average Price Target
$19.89
▲(1.57% Upside)
Technical Analysis
Best Analysts Covering HUT
1 Year
1 Year Success Rate
7/10 ratings generated profit
1 Year Average Return
+21.46%
assigned a buy rating 4 days ago
Copying George Sutton's trades and holding each position for 1 Year would result in 70.00% of your transactions generating a profit, with an average return of +21.46% per trade.
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