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Hut 8 Mining Corp (HUT)
NASDAQ:HUT
Hut 8 Mining Corp (HUT) Stock Price & Analysis
1,219 Followers
HUT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.18 - $21.10
Previous Close$19.52
Volume6.75M
Average Volume (3M)5.04M
Market Cap
$1.76B
Enterprise Value$1.87B
Total Cash (Recent Filing)C$11.55M
Total Debt (Recent Filing)C$116.43M
Price to Earnings (P/E)12.1
Beta2.85
Next Earnings
Aug 15, 2024EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.61
Shares Outstanding90,392,009
10 Day Avg. Volume6,384,064
30 Day Avg. Volume5,039,413
Standard Deviation0.38
R-Squared0.30
Alpha0.00502
Financial Highlights & Ratios
Price to Book (P/B)3.69
Price to Sales (P/S)18.42
Price to Cash Flow (P/CF)-42.80
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
$15.37Price Target Upside-21.25% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Hut 8 Mining Corp News
Bulls Say, Bears Say
Bulls Say
Corporate DevelopmentHUT has an experienced team in place that is making progress in locking down development sites, negotiating power agreements, and developing design and construction plans.
Revenue GrowthThe partnership with Ionic Digital alone will generate over $20M in fiat revenue on an annualized basis.
Strategic VisionThe strategic vision is now centered around how the company can most effectively and profitably monetize power to maximize shareholder value, whether that be in the form of mining bitcoin or through the deployment of data center infrastructure to support high density, next-gen compute use cases such as artificial intelligence (AI) workloads.
Bears Say
Growth StrategyThe company has yet to communicate a clear growth strategy and has continued to lose market share as many of its closest peers continue to expand rapidly.
Market PositionAwait a clear growth strategy, improved fleet efficiency, and more favorable mining economics at a macro level before becoming more constructive on the name.
Operational EfficiencyHut 8 has one of the oldest and least efficient mining fleets among the public miners, resulting in relatively low utilization rates.
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Ownership Overview
50.50%
Insiders
4.15% Mutual Funds
18.68% Other Institutional Investors
26.67% Public Companies and Individual Investors
HUT FAQ
What was Hut 8 Mining Corp’s price range in the past 12 months?
Hut 8 Mining Corp lowest stock price was $6.18 and its highest was $21.10 in the past 12 months.
What is Hut 8 Mining Corp’s market cap?
Currently, no data Available
When is Hut 8 Mining Corp’s upcoming earnings report date?
Hut 8 Mining Corp’s upcoming earnings report date is Aug 15, 2024 which is in 25 days.
How were Hut 8 Mining Corp’s earnings last quarter?
Hut 8 Mining Corp released its earnings results on May 15, 2024. The company reported $2.732 earnings per share for the quarter, beating the consensus estimate of $0.363 by $2.369.
Is Hut 8 Mining Corp overvalued?
According to Wall Street analysts Hut 8 Mining Corp’s price is currently Overvalued.
Does Hut 8 Mining Corp pay dividends?
Hut 8 Mining Corp does not currently pay dividends.
What is Hut 8 Mining Corp’s EPS estimate?
Hut 8 Mining Corp’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Hut 8 Mining Corp have?
Hut 8 Mining Corp has 90,392,006 shares outstanding.
What happened to Hut 8 Mining Corp’s price movement after its last earnings report?
Hut 8 Mining Corp reported an EPS of $2.732 in its last earnings report, beating expectations of $0.363. Following the earnings report the stock price went up 13.35%.
Which hedge fund is a major shareholder of Hut 8 Mining Corp?
Currently, no hedge funds are holding shares in HUT
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Hut 8 Mining Corp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$15.37 (-21.25% Downside)
$15.37 (-21.25% Downside)
Blogger Sentiment
Bullish
HUT Sentiment 91%
Sector Average 69%
Sector Average 69%
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.4%
Last 30 Days ▼ 2.3%
Last 30 Days ▼ 2.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.61%
12-Months-Change
Fundamentals
Return on Equity
40.07%
Trailing 12-Months
Asset Growth
149.69%
Trailing 12-Months
Company Description
Hut 8 Mining Corp
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
$15.37
▼(-21.25% Downside)
Technical Analysis
Hut 8 Mining Corp
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Cypherpunk Holdings Inc
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Jinzisheng Holding Group
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Coveo Solutions
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Best Analysts Covering HUT
1 Year
1 Year Success Rate
6/12 ratings generated profit
1 Year Average Return
+9.80%
reiterated a buy rating 26 days ago
Copying Joseph Vafi's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +9.80% per trade.
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