Hut 8 Corp (NASDAQ:HUT) traded at $8.34 at close of the session on Monday, April 29, made a downward move of -5.33% on its previous day’s price.
Looking at the stock we see that its previous close was $8.81. In terms of its 52-week price range, HUT has a high of $22.75 and a low of $6.18. The company’s stock has lost about -24.46% over that past 30 days.
Hut 8 Corp has a market cap of $744.26 million. Estimates by analysts give the company expected earnings per share (EPS) of $0.59, with the EPS growth for the year raised at $0.79 for 2024 and -$0.51 for next year. These figures represent 216.00% and -164.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $65.07 million, with a low of $52 million and a high of $86.34 million. The median projection represents growth squeezing down to 206.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $212.64 million, or 126.00% up from figures reported last year.
On the other hand, looking at the outlook for the HUT stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -4.08% off its SMA20 and -3.40% from its 50-day simple moving average. The RSI (14) is pointing at 47.34 while the volatility over the past week is 7.20% and jumps to 8.06% over the past one month. The beta value is 3.00, while the average true range (ATR) is currently pointing at 0.75.
Coming back to Hut 8 Corp (NASDAQ:HUT), we note that the average 3-month trading volume was 4.40 million. Current shares outstanding are 89.24 million.
The insiders hold 0.35% of the company’s shares while institutions hold 10.04%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -37.48% down in year-to-date price movement.
