Hut 8 Corp [NASDAQ: HUT] slipped around -6.26 points on Monday, while shares priced at $19.78 at the close of the session, down -24.04%.
Compared to the average trading volume of 7.29M shares, HUT reached a trading volume of 13136896 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $34.00 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.
Keefe Bruyette have made an estimate for Hut 8 Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 08, 2025. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on December 17, 2024, representing the official price target for Hut 8 Corp stock. Previously, the target price had yet another raise to $35, while Cantor Fitzgerald analysts kept a Overweight rating on HUT stock. On August 14, 2024, analysts increased their price target for HUT shares from 7.50 to 13.50.
The Average True Range (ATR) for Hut 8 Corp is set at 2.73, with the Price to Sales ratio for HUT stock in the period of the last 12 months amounting to 10.93. The Price to Book ratio for the last quarter was 2.63, with the Price to Cash per share for the same quarter was set at 0.79.
How has HUT stock performed recently?
Hut 8 Corp [HUT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.52. With this latest performance, HUT shares dropped by -8.64% in over the last four-week period, additionally plugging by 33.74% over the last 6 months – not to mention a rise of 211.50% 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 37.40, with the RSI for the last a single of trading hit 30.34, and the three-weeks RSI is set at 41.86 for Hut 8 Corp [HUT]. The present Moving Average for the last 50 days of trading for this stock 25.16, while it was recorded at 24.65 for the last single week of trading, and 15.46 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 1.00 and a Current Ratio set at 1.00.
Insider trade positions for Hut 8 Corp [HUT]
There are presently around $57.33%, or 127.81%% of HUT stock, in the hands of institutional investors.
