Hut 8 Corp Stock Today
| HUT Stock | USD 8.98 0.65 6.75% |
Performance7 of 100
| Odds Of DistressLess than 28
|
Hut 8 is selling for under 8.98 as of the 24th of April 2024; that is -6.75 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 8.93. Hut 8 has about a 28 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Hut 8 Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 8th of March 2018 | Classification Financials |
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada. Hut 8 operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. The company has 89.24 M outstanding shares of which 9.16 M shares are currently shorted by investors with about 1.88 days to cover. More on Hut 8 Corp
Hut Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hut 8's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hut 8 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CoFounder | Asher Genoot | ||||
| Old Names | [Hut 8 Mining Corp, Hurricane Energy plc, Hurricane Energy plc] | ||||
| Business Concentration | Financial Exchanges & Data, Financial Services, HNX 30, NASDAQ Composite, HNX Construction, Financials, Capital Markets, Capital Markets, Financial Services (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Hut 8 report their recommendations after researching Hut 8's financial statements, talking to executives and customers, or listening in on Hut 8's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Hut 8 Corp. The Hut consensus assessment is calculated by taking the average forecast from all of the analysts covering Hut 8. | |||||
Hut 8's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hut 8's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hut 8's financial leverage. It provides some insight into what part of Hut 8's total assets is financed by creditors.
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Hut 8 Corp (HUT) is traded on NASDAQ Exchange in USA. It is located in 1101 Brickell Avenue, Miami, FL, United States, 33131 and employs 219 people. Hut 8 is listed under Financial Exchanges & Data category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 859.36 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hut 8's market, we take the total number of its shares issued and multiply it by Hut 8's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hut 8 Corp runs under Capital Markets sector within Financials industry. The entity has 89.24 M outstanding shares of which 9.16 M shares are currently shorted by investors with about 1.88 days to cover.
Hut 8 Corp has about 33.02 M in cash with (19.78 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17.
Check Hut 8 Probability Of Bankruptcy
Ownership AllocationHut 8 secures a total of 89.24 Million outstanding shares. Hut 8 secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Hut Ownership Details
Hut Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Hut 8 jumping above the current price in 90 days from now is about 27.55%. The Hut 8 Corp probability density function shows the probability of Hut 8 stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 4.115. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Hut 8 will likely underperform. Additionally, hut 8 Corp has an alpha of 0.3892, implying that it can generate a 0.39 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Hut 8 to move above the current price in 90 days from now is about 27.55 (This Hut 8 Corp probability density function shows the probability of Hut Stock to fall within a particular range of prices over 90 days) .
Hut Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Hut 8 that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Hut 8's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Hut 8's value.| Instituion | Recorded On | Shares | |
| Mackenzie Investments | 2023-12-31 | 0.0 | |
| Sg Americas Securities, Llc | 2023-12-31 | 0.0 | |
| Stifel Financial Corp | 2023-12-31 | 0.0 | |
| State Of Wisconsin Investment Board | 2023-12-31 | 0.0 | |
| Quantlab Capital Management Ltd | 2023-12-31 | 0.0 | |
| Millennium Management Llc | 2023-09-30 | 0.0 | |
| Amvescap Plc. | 2023-12-31 | 0.0 | |
| First Trust Advisors L.p. | 2023-12-31 | 0.0 | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 0.0 | |
| Citadel Advisors Llc | 2023-09-30 | 2.4 M | |
| Golden Green, Inc. | 2023-09-30 | 15 K |
Hut 8 Historical Income Statement
Hut 8 Corp Income Statement is one of the three primary financial statements used for reporting Hut's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Hut 8 Corp revenue and expense. Hut 8 Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Hut 8's Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 31.1 M in 2024, whereas EBITDA is likely to drop slightly above 3.9 M in 2024. View More FundamentalsHut Stock Against Markets
Picking the right benchmark for Hut 8 stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hut 8 stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hut 8 is critical whether you are bullish or bearish towards Hut 8 Corp at a given time. Please also check how Hut 8's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hut 8 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Hut 8 Corporate Management
Elected by the shareholders, the Hut 8's board of directors comprises two types of representatives: Hut 8 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hut. The board's role is to monitor Hut 8's management team and ensure that shareholders' interests are well served. Hut 8's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hut 8's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Prusak | Chief Officer | Profile | |
| Viktoriya Griffin | Co Sec | Profile | |
| CPA CMA | Chief Officer | Profile | |
| Josh Rayner | VP Sales | Profile | |
| Shane Downey | Chief Officer | Profile |
How to buy Hut Stock?
Before investing in Hut 8, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hut 8. To buy Hut 8 stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hut 8. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Hut 8 stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Hut 8 Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Hut 8 Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Hut 8 Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Hut Stock please use our How to Invest in Hut 8 guide.
Already Invested in Hut 8 Corp?
The danger of trading Hut 8 Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hut 8 is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hut 8. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hut 8 Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hut 8 Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Hut Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hut 8 Corp Stock. Highlighted below are key reports to facilitate an investment decision about Hut 8 Corp Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Hut Stock analysis
When running Hut 8's price analysis, check to measure Hut 8's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hut 8 is operating at the current time. Most of Hut 8's value examination focuses on studying past and present price action to predict the probability of Hut 8's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hut 8's price. Additionally, you may evaluate how the addition of Hut 8 to your portfolios can decrease your overall portfolio volatility.
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Is Hut 8's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hut 8. If investors know Hut will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hut 8 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.516 | Earnings Share (0.78) | Revenue Per Share 2.364 | Quarterly Revenue Growth 2.616 | Return On Assets (0.04) |
The market value of Hut 8 Corp is measured differently than its book value, which is the value of Hut that is recorded on the company's balance sheet. Investors also form their own opinion of Hut 8's value that differs from its market value or its book value, called intrinsic value, which is Hut 8's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hut 8's market value can be influenced by many factors that don't directly affect Hut 8's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hut 8's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hut 8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hut 8's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.