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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:HUT

Hut 8 (HUT) Stock Price, News & Analysis

$11.04
+1.18 (+11.97%)
(As of 03/28/2024 ET)
Today's Range
$10.02
$12.16
50-Day Range
$6.33
$11.04
52-Week Range
$6.18
$22.75
Volume
16.29 million shs
Average Volume
5.78 million shs
Market Capitalization
$489.62 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
10.6% Downside
$9.88 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 28 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.

0.12 out of 5 stars

Finance Sector

849th out of 851 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

Make This $3 Trade the Instant the Opening Bell Rings
Since the birth of Wall Street, one simple rule has remained the same.... Buy stocks that are cheap....When they’re on sale…. And when nobody else is looking…
Make This $3 Trade the Instant the Opening Bell Rings
Since the birth of Wall Street, one simple rule has remained the same.... Buy stocks that are cheap....When they’re on sale…. And when nobody else is looking…
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
3/29/2024
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
$9.88
High Stock Price Target
$15.00
Low Stock Price Target
$3.50
Potential Upside/Downside
-15.1%
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
$489.62 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 twelve months. 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 Wall Street 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 anticipate the company's share price to reach $9.88 in the next twelve months. This suggests that the stock has a possible downside of 10.6%.
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 17.2% and is now trading at $11.04.
View the best growth stocks for 2024 here
.

Are investors shorting Hut 8?

Hut 8 saw a increase in short interest in 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 currently 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 were Hut 8's earnings last quarter?

Hut 8 Corp. (NASDAQ:HUT) announced its earnings results on Monday, August, 14th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.01. The company earned $14.28 million during the quarter, compared to the consensus estimate of $15.98 million. Hut 8 had a negative net margin of 184.31% and a negative trailing twelve-month return on equity of 24.58%. During the same quarter in the prior year, the company posted ($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 number of institutional and retail investors. Top institutional investors 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 3/29/2024 by MarketBeat.com Staff

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