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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 - $31.95
Previous Close$23.68
Volume7.35M
Average Volume (3M)6.79M
Market Cap
$2.24B
Enterprise Value$2.50B
Total Cash (Recent Filing)C$72.28M
Total Debt (Recent Filing)C$323.76M
Price to Earnings (P/E)11.8
Beta2.88
Next Earnings
Mar 27, 2025EPS Estimate
-$0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.01
Shares Outstanding93,581,092
10 Day Avg. Volume8,740,859
30 Day Avg. Volume6,785,950
Standard Deviation0.41
R-Squared0.21
Alpha0.05
Financial Highlights & Ratios
Price to Book (P/B)3.15
Price to Sales (P/S)18.12
Price to Cash Flow (P/CF)-140.90
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
$34.51Price Target Upside45.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Hut 8 News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company reported revenue of $43.7M in Q3, up 157% y/y, indicating strong growth across its business segments.
Market ResponseThe market has responded very well to recent positive announcements, with the stock rallying over 125% compared to a 12% rise in the Nasdaq.
Strategic InitiativesHut 8 Mining Corp. executed a transformative fleet upgrade that will expand its self-mining hash rate by 66% and improve fleet efficiency by 37%.
Bears Say
Business Model ConcernsLowering the target multiple reflects greater business reliance on mining versus HPC.
Cryptocurrency VolatilityVolatile BTC prices pose a risk to the rating and price target.
Operational StrategyInvestors expressed disappointment that HUT did not announce an HPC build at the new site.
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Ownership Overview
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Insiders
8.68% Mutual Funds
14.78% Other Institutional Investors
56.75% 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 $31.95 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 Mar 27, 2025 which is in 95 days.
How were Hut 8’s earnings last quarter?
Hut 8 released its earnings results on Nov 13, 2024. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of -$0.277 by $0.286.
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 -$0.1.
How many shares outstanding does Hut 8 have?
Hut 8 has 93,678,730 shares outstanding.
What happened to Hut 8’s price movement after its last earnings report?
Hut 8 reported an EPS of $0.01 in its last earnings report, beating expectations of -$0.277. Following the earnings report the stock price went up 3.856%.
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:
$34.51 (45.75% Upside)
$34.51 (45.75% Upside)
Blogger Sentiment
Bullish
HUT Sentiment 94%
Sector Average 65%
Sector Average 65%
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.2%
Last 30 Days ▲ 11.1%
Last 30 Days ▲ 11.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
109.10%
12-Months-Change
Fundamentals
Return on Equity
39.75%
Trailing 12-Months
Asset Growth
199.02%
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
$34.51
▲(45.75% Upside)
Technical Analysis
Best Analysts Covering HUT
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+108.68%
reiterated a buy rating 5 days ago
Copying John Todaro's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +108.68% per trade.
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