Hut 8 Corp [NASDAQ: HUT] slipped around -0.66 points on Tuesday, while shares priced at $11.56 at the close of the session, down -5.40%.
Compared to the average trading volume of 5.71M shares, HUT reached a trading volume of 4576345 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Hut 8 Corp [HUT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HUT shares is $15.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HUT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Hut 8 Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 14, 2024. The new note on the price target was released on May 16, 2024, representing the official price target for Hut 8 Corp stock. Previously, the target price had yet another raise to $12, while The Benchmark Company analysts kept a Buy rating on HUT stock.
The Average True Range (ATR) for Hut 8 Corp is set at 1.42, with the Price to Sales ratio for HUT stock in the period of the last 12 months amounting to 7.60. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 1.95.
How has HUT stock performed recently?
Hut 8 Corp [HUT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.47. With this latest performance, HUT shares dropped by -42.94% in over the last four-week period, additionally plugging by 22.59% over the last 6 months – not to mention a drop of -3.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HUT stock in for the last two-week period is set at 41.78, with the RSI for the last a single of trading hit 40.64, and the three-weeks RSI is set at 43.96 for Hut 8 Corp [HUT]. The present Moving Average for the last 50 days of trading for this stock 14.32, while it was recorded at 11.59 for the last single week of trading, and 10.62 for the last 200 days.
Hut 8 Corp [HUT]: Deeper insight into the fundamentals
Hut 8 Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.68 and a Current Ratio set at 1.68.
Earnings analysis for Hut 8 Corp [HUT]
With the latest financial reports released by the company, Hut 8 Corp posted -1.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.89. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HUT.
Insider trade positions for Hut 8 Corp [HUT]
There are presently around $60.39%, or 151.92%% of HUT stock, in the hands of institutional investors.
