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Hut 8 Mining Corp (TSE:HUT)
TSX:HUT
Hut 8 Mining Corp (HUT) Stock Price & Analysis
617 Followers
HUT Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$8.35 - C$29.90
Previous CloseC$12.61
Volume644.93K
Average Volume (3M)1.16M
Market Cap
C$1.14B
Enterprise ValueC$1.23B
Total Cash (Recent Filing)C$30.50M
Total Debt (Recent Filing)C$125.29M
Price to Earnings (P/E)5.8
Beta2.80
Next Earnings
Aug 15, 2024EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.19
Shares Outstanding89,237,253
10 Day Avg. Volume1,220,733
30 Day Avg. Volume1,163,065
Standard Deviation0.38
R-Squared0.16
Alpha0.05
Financial Highlights & Ratios
Price to Book (P/B)2.83
Price to Sales (P/S)-198.48
Price to Cash Flow (P/CF)-32.70
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
C$16.72Price Target Upside36.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Hut 8 Mining Corp News
Bulls Say, Bears Say
Bulls Say
Cost ReductionHUT lowered power costs across its portfolio to 4c/kwh, aiming for sub-4c/kwh after implementing new energy management software and operational efficiencies.
Revenue GrowthHut 8 Mining Corp. is poised for a revenue boost with $20 million expected from its high-performance computing co-location services, diversifying its income streams.
Strategic PartnershipsThe company's partnership with Ionic Digital is anticipated to generate over $20 million in annual cash revenue, highlighting its successful diversification strategy.
Bears Say
Financial PerformanceMining revenue did not meet expectations, falling short of the estimate.
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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Options Prices
Currently, No data available
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Ownership Overview
50.50% Insiders
4.23% Mutual Funds
12.64% Other Institutional Investors
32.63% 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 C$8.35 and its highest was C$29.90 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 Aug 15, 2024 which is in 77 days.
How were Hut 8 Mining Corp’s earnings last quarter?
Hut 8 Mining Corp released its earnings results on May 15, 2024. The company reported C$3.762 earnings per share for the quarter, beating the consensus estimate of C$0.485 by C$3.277.
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 for its next earnings report is not yet available.
How many shares outstanding does Hut 8 Mining Corp have?
Hut 8 Mining Corp has 90,392,006 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 C$3.762 in its last earnings report, beating expectations of C$0.485. Following the earnings report the stock price went up 12.488%.
Which hedge fund is a major shareholder of Hut 8 Mining Corp?
Currently, no hedge funds are holding shares in TSE:HUT
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Hut 8 Mining Corp Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
C$16.72 (36.38% Upside)
C$16.72 (36.38% Upside)
Blogger Sentiment
Bullish
TSE:HUT Sentiment 95%
Sector Average 68%
Sector Average 68%
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 3.4%
Last 30 Days ▼ 3.4%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-5.54%
12-Months-Change
Fundamentals
Return on Equity
40.07%
Trailing 12-Months
Asset Growth
149.69%
Trailing 12-Months
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
C$16.72
▲(36.38% Upside)
Technical Analysis
Best Analysts Covering HUT
1 Year
1 Year Success Rate
3/11 ratings generated profit
1 Year Average Return
-29.65%
reiterated a buy rating 15 days ago
Copying Joseph Vafi's trades and holding each position for 1 Year would result in 27.27% of your transactions generating a profit, with an average return of -29.65% per trade.
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