Hut 8 Corp [NASDAQ: HUT] plunged by -$1.02 during the normal trading session on while it closed the day at $20.49.
Hut 8 Corp stock has also loss -5.36% of its value over the past 7 days. However, HUT stock has inclined by 77.33% in the 3 months of the year. Over the past six months meanwhile, it has gained 30.76% and gained 53.60% year-on date.
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The market cap for HUT stock reached $1.92 billion, with 93.51 million shares outstanding and 83.36 million shares in the current float. Compared to the average trading volume of 6.80M shares, HUT reached a trading volume of 4178135 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $34.44 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.
Piper Sandler have made an estimate for Hut 8 Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on December 09, 2024, representing the official price target for Hut 8 Corp stock. Previously, the target price had yet another raise from $7.50 to $13.50, while H.C. Wainwright kept a Buy rating on HUT stock.
The Average True Range (ATR) for Hut 8 Corp is set at 2.63, with the Price to Sales ratio for HUT stock in the period of the last 12 months amounting to 11.32. The Price to Book ratio for the last quarter was 2.72, with the Price to Cash per share for the same quarter was set at 0.79.
HUT stock trade performance evaluation
Hut 8 Corp [HUT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.36. With this latest performance, HUT shares dropped by -26.87% in over the last four-week period, additionally plugging by 30.76% over the last 6 months – not to mention a rise of 53.60% 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 40.01, with the RSI for the last a single of trading hit 33.61, and the three-weeks RSI is set at 44.43 for Hut 8 Corp [HUT]. The present Moving Average for the last 50 days of trading for this stock 22.77, while it was recorded at 22.50 for the last single week of trading, and 14.23 for the last 200 days.
Hut 8 Corp [HUT]: An insightful look at the core fundamentals
Hut 8 Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.
Hut 8 Corp [HUT]: Institutional Ownership
There are presently around $60.72%, or 146.89%% of HUT stock, in the hands of institutional investors.
