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Hut 8 Mining Corp (TSE:HUT)
TSX:HUT
Hut 8 Mining Corp (HUT) Stock Price & Analysis
640 Followers
HUT Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$8.35 - C$29.90
Previous CloseC$20.46
Volume1.14M
Average Volume (3M)1.30M
Market Cap
C$1.85B
Enterprise ValueC$2.01B
Total Cash (Recent Filing)C$11.55M
Total Debt (Recent Filing)C$116.43M
Price to Earnings (P/E)9.4
Beta2.75
Next Earnings
Aug 15, 2024EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.19
Shares Outstanding90,392,009
10 Day Avg. Volume1,892,819
30 Day Avg. Volume1,298,906
Standard Deviation0.38
R-Squared0.17
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)3.69
Price to Sales (P/S)25.17
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
C$20.68Price Target Upside-3.45% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Hut 8 Mining Corp News
PremiumPress Releases
Hut 8 Set to Join to Russell 3000® IndexBulls Say, Bears Say
Bulls Say
Corporate StrategyHUT has the pieces in place to evolve from a bitcoin mining company to an energy infrastructure company.
Financial OutlookThe partnership with Ionic Digital alone will generate over $20M in fiat revenue on an annualized basis.
Management And TeamNearly 40% of the company's employees are focused on the AI/HPC opportunity, including experienced executives from the energy sector.
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 ConditionsAwait 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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Options Prices
Currently, No data available
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Ownership Overview
50.50% Insiders
4.15% Mutual Funds
18.67% Other Institutional Investors
26.68% 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 C$8.35 and its highest was C$29.90 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 43 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 C$3.762 earnings per share for the quarter, beating the consensus estimate of C$0.5 by C$3.262.
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 C$3.762 in its last earnings report, beating expectations of C$0.5. Following the earnings report the stock price went up 12.488%.
Which hedge fund is a major shareholder of Hut 8 Mining Corp?
Currently, no hedge funds are holding shares in TSE:HUT
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Hut 8 Mining Corp Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$20.68 (-3.45% Downside)
C$20.68 (-3.45% Downside)
Blogger Sentiment
Bullish
TSE:HUT Sentiment 91%
Sector Average 68%
Sector Average 68%
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 0.7%
Last 30 Days ▲ 0.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
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
C$20.68
▼(-3.45% Downside)
Technical Analysis
Best Analysts Covering HUT
1 Year
1 Year Success Rate
5/12 ratings generated profit
1 Year Average Return
-8.27%
reiterated a buy rating 7 days ago
Copying Joseph Vafi's trades and holding each position for 1 Year would result in 41.67% of your transactions generating a profit, with an average return of -8.27% per trade.
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