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Hut 8 (TSE:HUT)
TSX:HUT
Holding TSE:HUT?
Track your performance easily
HUT Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$8.35 - C$28.87
Previous CloseC$25.89
Volume1.83M
Average Volume (3M)1.40M
Market Cap
C$2.36B
Enterprise ValueC$2.61B
Total Cash (Recent Filing)$175.48M
Total Debt (Recent Filing)$347.50M
Price to Earnings (P/E)17.6
Beta2.04
Next Earnings
Nov 13, 2024EPS Estimate
-C$0.4Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.47
Shares Outstanding91,078,961
10 Day Avg. Volume1,824,469
30 Day Avg. Volume1,399,197
Standard Deviation0.39
R-Squared0.14
Alpha0.05
Financial Highlights & Ratios
Price to Book (P/B)3.57
Price to Sales (P/S)15.00
Price to Cash Flow (P/CF)-23.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue25.10
Enterprise Value/Gross Profit99.17
Enterprise Value/Ebitda14.39
Forecast
1Y Price Target
C$21.66Price Target Upside-17.67% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Hut 8 News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe Bitmain deal is viewed attractively and expected to contribute significant annualized revenue at a strong gross margin.
Growth OpportunitiesThe probability of Hut signing an HPC/AI customer has increased after a $150M capital injection and vote of confidence from Coatue, as Hut is actively engaged in conversations with potential customers for large-scale HPC/AI projects.
Strategic DevelopmentHut 8 has made significant strides in becoming a much more efficient and lower-cost operator of Bitcoin mining infrastructure.
Bears Say
Company 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.
Investor SentimentSome investors expressed disappointment that HUT did not announce an HPC build at the new site.
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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Options Prices
Currently, No data available
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Ownership Overview
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Insiders
8.80% Mutual Funds
1.20% Other Institutional Investors
70.41% 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 C$8.35 and its highest was C$28.87 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 Nov 13, 2024 which is in 5 days.
How were Hut 8’s earnings last quarter?
Hut 8 released its earnings results on Aug 13, 2024. The company reported -C$1.07 earnings per share for the quarter, missing the consensus estimate of -C$0.044 by -C$1.026.
Is Hut 8 overvalued?
According to Wall Street analysts Hut 8’s price is currently Overvalued.
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 -C$0.4.
How many shares outstanding does Hut 8 have?
Hut 8 has 91,078,964 shares outstanding.
What happened to Hut 8’s price movement after its last earnings report?
Hut 8 reported an EPS of -C$1.07 in its last earnings report, missing expectations of -C$0.044. Following the earnings report the stock price went down -4.276%.
Which hedge fund is a major shareholder of Hut 8?
Currently, no hedge funds are holding shares in TSE:HUT
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Hut 8 Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
C$21.66 (-17.67% Downside)
C$21.66 (-17.67% Downside)
Blogger Sentiment
Bullish
TSE:HUT Sentiment 95%
Sector Average 68%
Sector Average 68%
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
65.43%
12-Months-Change
Fundamentals
Return on Equity
31.07%
Trailing 12-Months
Asset Growth
166.77%
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
C$21.66
▼(-17.67% Downside)
Technical Analysis
Best Analysts Covering HUT
1 Year
1 Year Success Rate
5/9 ratings generated profit
1 Year Average Return
+3.69%
assigned a buy rating 3 days ago
Copying George Sutton's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +3.69% per trade.
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