Hut 8 Corp (NASDAQ:HUT) price closed lower on Monday, April 15, dropping -6.22% below its previous close.
A look at the daily price movement shows that the last close reads $7.72. Taking into account the 52-week price action we note that the stock hit a 52-week high of $22.75 and 52-week low of $6.18.
Hut 8 Corp, which has a market valuation of $646.10 million. Analysts tracking HUT have forecast the quarterly EPS to shrink by -0.35 per share this quarter, while the same analysts predict the annual EPS to hit -$1.27 for the year 2024 and up to $0 for 2025. In this case, analysts estimate an annual EPS growth of -608.00% for the year and — for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $25.62 million, with the likely lows of $22.44 million and highs of $28.8 million. The average estimate suggests sales growth for the quarter will likely rise by 20.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $86.64 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow -7.90% below that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give HUT a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that HUT’s price is at present -19.90% off the SMA20 and -15.27% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.01, with weekly volatility standing at 7.15%. The indicator jumps to 9.21% when calculated based on the past 30 days. Hut 8 Corp (NASDAQ:HUT)’s beta value is holding at 3.02, while the average true range (ATR) indicator is currently reading 0.85.
An analysis of the Hut 8 Corp (NASDAQ:HUT) stock in terms of its daily trading volume indicates that the 3-month average is 5.12 million.
Current records show that the company has 89.24M in outstanding shares. The insiders’ percentage holdings are 0.35% of outstanding shares while the percentage share held by institutions stands at 9.58%. But the -45.73% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
