NASDAQ:HUT Hut 8 (HUT) Stock Price, News & Analysis → Major Elon Musk Crypto Leak Revealed (From Crypto 101 Media) (Ad) Free HUT Stock Alerts $9.86 -0.02 (-0.20%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$9.53▼$10.1550-Day Range$6.33▼$10.2352-Week Range$6.18▼$22.75Volume3.47 million shsAverage Volume5.61 million shsMarket Capitalization$437.29 millionP/E RatioN/ADividend YieldN/APrice Target$9.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Hut 8 alerts: Email Address Hut 8 MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside4.9% Downside$9.38 Price TargetShort InterestBearish10.78% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.03Based on 12 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.05) to ($0.27) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.11 out of 5 starsFinance Sector839th out of 844 stocksNondepository Credit Institutions Industry44th out of 45 stocks 1.3 Analyst's Opinion Consensus RatingHut 8 has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.38, Hut 8 has a forecasted downside of 4.9% from its current price of $9.86.Amount of Analyst CoverageHut 8 has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted10.78% of the float of Hut 8 has been sold short.Short Interest Ratio / Days to CoverHut 8 has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Hut 8 has recently increased by 7.78%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldHut 8 does not currently pay a dividend.Dividend GrowthHut 8 does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HUT. Previous Next 2.8 News and Social Media Coverage News SentimentHut 8 has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Hut 8 this week, compared to 4 articles on an average week.Search Interest32 people have searched for HUT on MarketBeat in the last 30 days. This is an increase of 88% compared to the previous 30 days.MarketBeat Follows17 people have added Hut 8 to their MarketBeat watchlist in the last 30 days. This is an increase of 31% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hut 8 insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 31.75% of the stock of Hut 8 is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Hut 8 are expected to decrease in the coming year, from ($0.05) to ($0.27) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Hut 8 is -3.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Hut 8 is -3.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioHut 8 has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTICBOE shift unlocks new weekend income strategyYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. You're probably wondering, “Okay… But how does that affect me?” This perk now allows everyday traders like yourself to target extra income over the weekend. Check out this training for the full story! About Hut 8 Stock (NASDAQ:HUT)Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers. The company was founded in 2017 and is based in Miami, Florida.Read More HUT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HUT Stock News HeadlinesMarch 27, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Hut 8 Corp. of Class Action Lawsuit and Upcoming Deadlines - HUTMarch 27, 2024 | prnewswire.comHUT Investors Have Opportunity to Lead Hut 8 Corp. Securities Fraud LawsuitMarch 28, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 27, 2024 | prnewswire.comInvestors who lost money on Hut 8 Corp.(HUT) should contact Levi & Korsinsky about pending Class Action - HUTMarch 26, 2024 | prnewswire.comClass Action Filed Against Hut 8 Corp. (HUT) - April 8, 2024 Deadline to Join - Contact The Gross Law FirmMarch 25, 2024 | markets.businessinsider.comHUT 8 INVESTOR ALERT: Kirby McInerney LLP Notifies HUT 8 Corp. (HUT) Investors of Upcoming Lead Plaintiff Deadline in Class Action LawsuitMarch 23, 2024 | prnewswire.comROSEN, LEADING INVESTOR COUNSEL, Encourages Hut 8 Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action - HUTMarch 22, 2024 | stockhouse.comSHAREHOLDER DEADLINE: Hut 8 Corp. (HUT) Investors Are Reminded of Deadline in Securities ActionMarch 28, 2024 | DTI (Ad)CBOE shift unlocks new weekend income strategyYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. You're probably wondering, “Okay… But how does that affect me?” This perk now allows everyday traders like yourself to target extra income over the weekend. March 22, 2024 | prnewswire.comHUT 8 SHAREHOLDER ALERT: CLAIMSFILER Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Hut 8 Corp. - HUTMarch 21, 2024 | markets.businessinsider.comHUT DEADLINE REMINDER: Berger Montague Reminds Hut 8 Corp. (HUT) Investors of Important Class Action Lawsuit DeadlineMarch 21, 2024 | prnewswire.comHUT Investors Have Opportunity to Lead Hut 8 Corp. Securities Fraud LawsuitMarch 21, 2024 | americanbankingnews.comBTCS (NASDAQ:BTCS) & Hut 8 (NASDAQ:HUT) Critical ContrastMarch 21, 2024 | americanbankingnews.comHut 8 (HUT) Scheduled to Post Quarterly Earnings on ThursdayMarch 20, 2024 | prnewswire.comShareholders that lost money on Hut 8 Corp.(HUT) Urged to Join Class Action - Contact Levi & Korsinsky to Learn MoreMarch 19, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Hut 8 Corp. of Class Action Lawsuit and Upcoming Deadlines - HUTMarch 19, 2024 | americanbankingnews.comHut 8 (NASDAQ:HUT) Coverage Initiated by Analysts at Needham & Company LLCMarch 18, 2024 | msn.comNeedham Analyst John Todaro 'Bullish' On Hut 8 StockMarch 18, 2024 | msn.comHut 8 rated new Buy at Needham ahead of bitcoin halvingMarch 18, 2024 | stockhouse.comUPCOMING HUT DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Hut 8 Corp. Investors to Join the Class Action Lawsuit!March 15, 2024 | prnewswire.comHUT 8 SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Hut 8 Corp. - HUTMarch 15, 2024 | stockhouse.comROSEN, NATIONAL TRIAL LAWYERS, Encourages Hut 8 Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action - HUTMarch 15, 2024 | stockhouse.comHUT CLASS ACTION NOTICE: Berger Montague Encourages Hut 8 Corp. (HUT) Investors to Inquire About a Securities Fraud Class ActionMarch 15, 2024 | prnewswire.comShareholders of Hut 8 Corp. Should Contact Levi & Korsinsky Before April 8, 2024 to Discuss Your Rights - HUTMarch 14, 2024 | prnewswire.comHUT Investors Have Opportunity to Lead Hut 8 Corp. Securities Fraud LawsuitMarch 14, 2024 | markets.businessinsider.comSHAREHOLDER ALERT: Berger Montague Reminds Hut 8 Corp. (HUT) Investors of Class Action Lawsuit DeadlineMarch 12, 2024 | prnewswire.comHUT Investors Have Opportunity to Lead Hut 8 Corp. Securities Fraud LawsuitSee More Headlines Receive HUT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Hut 8 and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/14/2023Today3/27/2024Next Earnings (Confirmed)3/28/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:HUT CUSIPN/A CIK1731805 Webhut8mining.com Phone(647) 256-1992FaxN/AEmployees98Year FoundedN/APrice Target and Rating Average Stock Price Target$9.38 High Stock Price Target$15.00 Low Stock Price Target$3.50 Potential Upside/Downside-4.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($2.75) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-186,770,000.00 Net Margins-184.31% Pretax Margin-333.61% Return on Equity-24.58% Return on Assets-20.69% Debt Debt-to-Equity Ratio0.04 Current Ratio4.61 Quick Ratio4.61 Sales & Book Value Annual Sales$115.90 million Price / Sales3.77 Cash Flow$0.03 per share Price / Cash Flow346.97 Book Value$6.13 per share Price / Book1.61Miscellaneous Outstanding Shares44,350,000Free FloatN/AMarket Cap$437.29 million OptionableOptionable Beta3.86 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. Asher Kevin Genoot (Age 28)Co-Founder, CEO, President & Director Comp: $250kMr. Michael Ho (Age 30)Co- Founder, Chief Strategy Officer & Director Comp: $250kMr. Shenif Visram C.M.A. (Age 51)CPA, Chief Financial Officer Mr. James BeerSenior Vice President of OperationsMs. Erin DermerSenior Vice President of Communications & CultureMs. Suzanne EnnisVice President of Corporate DevelopmentMore ExecutivesKey CompetitorsMDB CapitalNASDAQ:MDBHRunway Growth FinanceNASDAQ:RWAYGreystone Housing Impact InvestorsNYSE:GHIHIVE Digital TechnologiesNASDAQ:HIVEQudianNYSE:QDView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 133,019 shares on 3/27/2024Ownership: 0.300%Vanguard Group Inc.Sold 132,265 shares on 3/11/2024Ownership: 0.075%Wellington Management Group LLPSold 1,113,284 shares on 3/5/2024Ownership: 0.029%Goldman Sachs Group Inc.Sold 391,451 shares on 3/1/2024Ownership: 0.627%Virtu Financial LLCSold 32,133 shares on 2/26/2024Ownership: 0.081%View All Institutional Transactions HUT Stock Analysis - Frequently Asked Questions Should I buy or sell Hut 8 stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hut 8 in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HUT shares. View HUT analyst ratings or view top-rated stocks. What is Hut 8's stock price target for 2024? 4 equities research analysts have issued twelve-month price targets for Hut 8's stock. Their HUT share price targets range from $3.50 to $15.00. On average, they expect the company's share price to reach $9.38 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View analysts price targets for HUT or view top-rated stocks among Wall Street analysts. How have HUT shares performed in 2024? Hut 8's stock was trading at $13.34 at the beginning of the year. Since then, HUT shares have decreased by 26.1% and is now trading at $9.86. View the best growth stocks for 2024 here. Are investors shorting Hut 8? Hut 8 saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 9,560,000 shares, an increase of 7.8% from the February 29th total of 8,870,000 shares. Based on an average daily trading volume, of 6,280,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 10.8% of the company's shares are sold short. View Hut 8's Short Interest. When is Hut 8's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, March 28th 2024. View our HUT earnings forecast. How can I listen to Hut 8's earnings call? Hut 8 will be holding an earnings conference call on Thursday, March 28th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link. How were Hut 8's earnings last quarter? Hut 8 Corp. (NASDAQ:HUT) released its quarterly earnings results on Monday, August, 14th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The company had revenue of $14.28 million for the quarter, compared to the consensus estimate of $15.98 million. Hut 8 had a negative trailing twelve-month return on equity of 24.58% and a negative net margin of 184.31%. During the same quarter in the previous year, the company earned ($0.12) EPS. What ETFs hold Hut 8's stock? ETFs with the largest weight of Hut 8 (NASDAQ:HUT) stock in their portfolio include iShares Blockchain and Tech ETF (IBLC).SPDR S&P Kensho New Economies Composite ETF (KOMP). Who are Hut 8's major shareholders? Hut 8's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (1.58%), Citadel Advisors LLC (0.00%), Simplex Trading LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (0.83%), Vident Advisory LLC (0.74%) and Goldman Sachs Group Inc. (0.63%). Insiders that own company stock include Aniss Amdiss, Jaime Leverton and Shenif Visram. How do I buy shares of Hut 8? Shares of HUT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:HUT) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the Markets“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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