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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:HUT

Hut 8 (HUT) Stock Price, News & Analysis

$9.86
-0.02 (-0.20%)
(As of 03/27/2024 ET)
Today's Range
$9.53
$10.15
50-Day Range
$6.33
$10.23
52-Week Range
$6.18
$22.75
Volume
3.47 million shs
Average Volume
5.61 million shs
Market Capitalization
$437.29 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.38

Hut 8 MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.9% Downside
$9.38 Price Target
Short Interest
Bearish
10.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.03mentions of Hut 8 in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.05) to ($0.27) Per Share

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 stars

Finance Sector

839th out of 844 stocks

Nondepository Credit Institutions Industry

44th out of 45 stocks

HUT stock logo

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.

HUT Stock Price History

HUT Stock News Headlines

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.
CBOE shift unlocks new weekend income strategy
You 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.
BTCS (NASDAQ:BTCS) & Hut 8 (NASDAQ:HUT) Critical Contrast
Hut 8 (HUT) Scheduled to Post Quarterly Earnings on Thursday
See More Headlines
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Company Calendar

Last Earnings
8/14/2023
Today
3/27/2024
Next Earnings (Confirmed)
3/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:HUT
Fax
N/A
Employees
98
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-186,770,000.00
Net Margins
-184.31%
Pretax Margin
-333.61%

Debt

Sales & Book Value

Annual Sales
$115.90 million
Cash Flow
$0.03 per share
Book Value
$6.13 per share

Miscellaneous

Free Float
N/A
Market Cap
$437.29 million
Optionable
Optionable
Beta
3.86
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Key Executives

  • Mr. Asher Kevin Genoot (Age 28)
    Co-Founder, CEO, President & Director
    Comp: $250k
  • Mr. Michael Ho (Age 30)
    Co- Founder, Chief Strategy Officer & Director
    Comp: $250k
  • Mr. Shenif Visram C.M.A. (Age 51)
    CPA, Chief Financial Officer
  • Mr. James Beer
    Senior Vice President of Operations
  • Ms. Erin Dermer
    Senior Vice President of Communications & Culture
  • Ms. Suzanne Ennis
    Vice President of Corporate Development

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

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