The stock of Hut 8 Corp (NASDAQ:HUT) last traded at $9.86, down -0.20% from the previous session.
HUT stock price is now 20.91% away from the 50-day moving average and -13.29% away from the 200-day moving average. The market capitalization of the company currently stands at $877.15M.
With the price target of $12, Needham recently initiated with Buy rating for Hut 8 Corp (NASDAQ: HUT). On February 06, 2024, H.C. Wainwright Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $5.50, while ‘Craig Hallum’ rates the stock as ‘Hold’
In other news, Leverton Jaime, Chief Executive Officer sold 35,761 shares of the company’s stock on Jan 12 ’24. The stock was sold for $361,261 at an average price of $10.10. Upon completion of the transaction, the Chief Executive Officer now directly owns 269,415 shares in the company, valued at $2.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 22 ’23, Chief Executive Officer Leverton Jaime sold 98,724 shares of the business’s stock. A total of $1,402,957 was realized by selling the stock at an average price of $14.21. This leaves the insider owning 238,509 shares of the company worth $2.35 million. A total of 0.35% of the company’s stock is owned by insiders.
During the past 12 months, Hut 8 Corp has had a low of $6.18 and a high of $22.75. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 4.61, and a quick ratio of 4.61. The fifty day moving average price for HUT is $8.16 and a two-hundred day moving average price translates $11.37 for the stock.
The latest earnings results from Hut 8 Corp (NASDAQ: HUT) was released for Sep, 2023. According to the Capital Markets Company, earnings per share came in at -$1.2, missing analysts’ expectations of -$0.32 by -0.88. This compares to -$0.47 EPS in the same period last year. The net profit margin was -192.10% and return on equity was -33.54% for HUT. The company reported revenue of $12.65 million for the quarter, compared to $24.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -47.85 percent. For the current quarter, analysts expect HUT to generate $23.66M in revenue.
