Hut 8 Mining Corp. (NASDAQ:HUT) shares traded 1.05% higher at $1.93 on Wall Street last session.
HUT stock price is now 7.47% away from the 50-day moving average and 9.06% away from the 200-day moving average. The market capitalization of the company currently stands at $585.77M.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
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Insiders disposed of 171,666 shares of company stock worth roughly $0.33 million over the past 1 year. A total of 5.84% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HUT stock. A new stake in Hut 8 Mining Corp. shares was purchased by HARVEST PORTFOLIOS GROUP INC. during the first quarter worth $313,000. XTX TOPCO LTD invested $263,000 in shares of HUT during the first quarter. In the first quarter, CAPTRUST FINANCIAL ADVISORS acquired a new stake in Hut 8 Mining Corp. valued at approximately $87,000. JPMORGAN CHASE & CO acquired a new stake in HUT for approximately $53,000. GOTHAM ASSET MANAGEMENT, LLC purchased a new stake in HUT valued at around $46,000 in the second quarter. In total, there are 162 active investors with 9.72% ownership of the company’s stock.
Hut 8 Mining Corp. (NASDAQ: HUT) opened at $1.8900 on Monday. During the past 12 months, Hut 8 Mining Corp. has had a low of $0.78 and a high of $3.70. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 9.90, and a quick ratio of 9.90. The fifty day moving average price for HUT is $1.8092 and a two-hundred day moving average price translates $1.7678 for the stock.
The latest earnings results from Hut 8 Mining Corp. (NASDAQ: HUT) was released for Mar, 2023. The company reported revenue of $14.06 million for the quarter, compared to $42.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -66.61 percent.
Hut 8 Mining Corp.(HUT) Company Profile
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. It provides computing power to the mining pools in exchange for digital assets. The company serve commercial customers across various industries, including financial, healthcare, government, and those in the growing digital asset, Blockchain, gaming, virtual effects, and Web 3.0 space. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.
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