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Hut 8 Mining Corp (HUT)
NASDAQ:HUT
Hut 8 Mining Corp (HUT) Stock Price & Analysis
1,113 Followers
HUT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.18 - $22.75
Previous Close$7.79
Volume3.26M
Average Volume (3M)3.75M
Market Cap
$777.22M
Enterprise Value$767.79M
Total Cash (Recent Filing)C$30.50M
Total Debt (Recent Filing)C$125.29M
Price to Earnings (P/E)-2.9
Beta2.79
Next Earnings
May 15, 2024EPS Estimate
-$0.88Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.68
Shares Outstanding89,237,253
10 Day Avg. Volume2,210,080
30 Day Avg. Volume3,754,493
Standard Deviation0.38
R-Squared0.30
Alpha0.00740
Financial Highlights & Ratios
Price to Book (P/B)2.33
Price to Sales (P/S)-122.24
Price to Cash Flow (P/CF)-27.00
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
$14.41Price Target Upside66.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Hut 8 Mining Corp News
PremiumPress Releases
Hut 8 Reports First Quarter 2024 Results
PremiumPress Releases
Hut 8 Reports First Quarter 2024 Results
PremiumPress Releases
Hut 8 Operations Update for April 2024
PremiumPress Releases
Hut 8 Operations Update for April 2024
Bulls Say, Bears Say
Bulls Say
Business DiversificationNew Hut emerges from merger with USBTC: a larger, more diverse business model and a HODL to boot; the business combination with USBTC now complete, the new HUT is a much more diversified company with multiple revenue streams.
Operational EfficiencyThe company has undertaken a restructuring program to drive costs down and increase cash flow, with management making strides in recent months to drive down operating costs.
Strategic PartnershipsThe partnership with Ionic Digital alone will generate over $20M in cash revenue on an annualized basis, representing a significant addition to New Hut's financial strength.
Bears Say
Financial RisksSky-High Production Costs and Large Debt Load Make Shares Uninvestable.
Operational ChallengesThe company remains at risk of losing share in the coming quarters while HUT has one of the oldest and least-efficient mining fleets of the public miners.
Strategic ConcernsThe company currently has more than 1.1 GW of energy development capacity in the pipeline but did not provide any specific plans to expand the business over the near-term.
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Ownership Overview
51.01% Insiders
1.21% Mutual Funds
12.88% Other Institutional Investors
34.90% 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 $6.18 and its highest was $22.75 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 May 15, 2024 which is today.
How were Hut 8 Mining Corp’s earnings last quarter?
Hut 8 Mining Corp released its earnings results on Mar 28, 2024. The company reported -$0.293 earnings per share for the quarter, the consensus estimate of -$0.293 by $0.
Is Hut 8 Mining Corp overvalued?
According to Wall Street analysts Hut 8 Mining Corp’s price is currently Undervalued.
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 is -$0.88.
How many shares outstanding does Hut 8 Mining Corp have?
Hut 8 Mining Corp has 89,482,830 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 -$0.293 in its last earnings report, expectations of -$0.293. Following the earnings report the stock price went up 11.968%.
Which hedge fund is a major shareholder of Hut 8 Mining Corp?
Currently, no hedge funds are holding shares in HUT
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Hut 8 Mining Corp Stock Smart Score
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
$14.41
▲(66.25% Upside)
Technical Analysis
Best Analysts Covering HUT
1 Year
1 Year Success Rate
1/10 ratings generated profit
1 Year Average Return
-38.69%
reiterated a buy rating last month
Copying Joseph Vafi's trades and holding each position for 1 Year would result in 10.00% of your transactions generating a profit, with an average return of -38.69% per trade.
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