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Hut 8 Mining Corp (HUT)
NASDAQ:HUT
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HUT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.18 - $21.10
Previous Close$11.02
Volume3.65M
Average Volume (3M)5.62M
Market Cap
$1.00B
Enterprise Value$1.18B
Total Cash (Recent Filing)C$175.48M
Total Debt (Recent Filing)C$347.50M
Price to Earnings (P/E)10.0
Beta2.51
Next Earnings
Nov 07, 2024EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.10
Shares Outstanding91,078,961
10 Day Avg. Volume3,769,845
30 Day Avg. Volume5,619,855
Standard Deviation0.40
R-Squared0.19
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)1.52
Price to Sales (P/S)13.60
Price to Cash Flow (P/CF)-21.60
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
$16.87Price Target Upside47.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Hut 8 Mining Corp News
PremiumPress Releases
Hut 8 Operations Update for August 2024
PremiumPress Releases
Hut 8 Operations Update for August 2024
Bulls Say, Bears Say
Bulls Say
Financial PerformanceHUT posted a modest adjusted EBITDA beat driven by top-line upside.
Operational EfficiencyHut now has competitive blended average electricity costs after successfully completing its restructuring program and energizing its newest 63 MW facility in Texas, delivering an overall cost of power of just $0.032/kWh, below industry averages.
Strategic PartnershipsThe probability of Hut signing an HPC/AI customer has increased after a $150M capital injection and vote of confidence from Coatue, as Hut is actively engaged in conversations with potential customers for large-scale HPC/AI projects.
Bears Say
Future ProspectsAwait a clear growth strategy, improved fleet efficiency, and more favorable mining economics at a macro level before becoming more constructive on the name.
Growth StrategyThe company has yet to communicate a clear growth strategy and has continued to lose market share as many of its closest peers continue to expand rapidly.
Operational EfficiencyHut 8 has one of the oldest and least efficient mining fleets among the public miners, resulting in relatively low utilization rates.
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Ownership Overview
50.12%
Insiders
5.57% Mutual Funds
30.24% Other Institutional Investors
14.07% 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 $21.10 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 Nov 07, 2024 which is in 49 days.
How were Hut 8 Mining Corp’s earnings last quarter?
Hut 8 Mining Corp released its earnings results on Aug 13, 2024. The company reported -$0.787 earnings per share for the quarter, missing the consensus estimate of -$0.032 by -$0.755.
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 91,078,964 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 -$0.787 in its last earnings report, missing expectations of -$0.032. Following the earnings report the stock price went down -3.775%.
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
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$16.87 (47.69% Upside)
$16.87 (47.69% Upside)
Blogger Sentiment
Bullish
HUT Sentiment 92%
Sector Average 68%
Sector Average 68%
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.1%
Last 30 Days ▲ 4.8%
Last 30 Days ▲ 4.8%
Technicals
SMA
Negative
20 days / 200 days
Momentum
3.09%
12-Months-Change
Fundamentals
Return on Equity
31.07%
Trailing 12-Months
Asset Growth
166.77%
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
$16.87
▲(47.69% Upside)
Technical Analysis
Hut 8 Mining Corp
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Cypherpunk Holdings Inc
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Jinzisheng Holding Group
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Coveo Solutions
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Best Analysts Covering HUT
1 Year
1 Year Success Rate
4/12 ratings generated profit
1 Year Average Return
-23.45%
reiterated a buy rating 3 months ago
Copying Joseph Vafi's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of -23.45% per trade.
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