Hut 8 (TSE:HUT) Stock Price Up 5.2%

Shares of Hut 8 Corp. (TSE:HUTGet Free Report) traded up 5.2% on Monday . The stock traded as high as C$12.85 and last traded at C$12.85. 16,428 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 1,371,669 shares. The stock had previously closed at C$12.21.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Craig Hallum raised shares of Hut 8 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 16th. HC Wainwright raised Hut 8 from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 14th.

Check Out Our Latest Report on Hut 8

Hut 8 Trading Up 7.9 %

The company has a debt-to-equity ratio of 55.19, a current ratio of 1.67 and a quick ratio of 1.26. The company has a market cap of C$1.20 billion, a price-to-earnings ratio of -12.38 and a beta of 3.45. The business has a 50 day simple moving average of C$18.94 and a 200 day simple moving average of C$14.91.

Hut 8 (TSE:HUTGet Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.12) by C$0.14. Hut 8 had a negative return on equity of 122.68% and a net margin of 102.21%. The firm had revenue of C$48.18 million for the quarter, compared to the consensus estimate of C$52.06 million. As a group, equities analysts forecast that Hut 8 Corp. will post 0.5598776 EPS for the current year.

About Hut 8

(Get Free Report)

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.

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