Hut 8 Corp [NASDAQ: HUT] stock went on a downward path that fall over -3.50% on Wednesday, amounting to a one-week price increase of more than 4.16%.
Over the last 12 months, HUT stock rose by 2.51%. The one-year Hut 8 Corp stock forecast points to a potential upside of 29.22. The average equity rating for HUT stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.00 billion, with 88.96 million shares outstanding and 80.77 million shares in the current float. Compared to the average trading volume of 5.63M shares, HUT stock reached a trading volume of 4775571 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.97, with the Price to Sales ratio for HUT stock in the period of the last 12 months amounting to 7.25. The Price to Book ratio for the last quarter was 1.52, with the Price to Cash per share for the same quarter was set at 1.95.
HUT Stock Performance Analysis:
Hut 8 Corp [HUT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.16. With this latest performance, HUT shares dropped by -9.82% in over the last four-week period, additionally plugging by 36.89% over the last 6 months – not to mention a rise of 2.51% 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 48.51, with the RSI for the last a single of trading hit 52.33, and the three-weeks RSI is set at 47.31 for Hut 8 Corp [HUT]. The present Moving Average for the last 50 days of trading for this stock 13.14, while it was recorded at 11.12 for the last single week of trading, and 10.66 for the last 200 days.
Insight into Hut 8 Corp 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.
HUT Stock EPS
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.
Hut 8 Corp [HUT] Institutonal Ownership Details
There are presently around $58.37%, or 146.95%% of HUT stock, in the hands of institutional investors.
