In Friday’s Wall Street session, Hut 8 Corp (NASDAQ:HUT) shares traded at $18.57, up 13.79% from the previous session.
HUT stock price is now 33.63% away from the 50-day moving average and 9.36% away from the 200-day moving average. The market capitalization of the company currently stands at $1.94B.
With the price target of $25, Roth Capital recently initiated with Buy rating for Hut 8 Corp (NASDAQ: HUT). On May 22, 2025, Citizens JMP recently initiated its ‘Mkt Outperform’ rating on the stock quoting a target price of $25, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Semah Victor, Chief Legal Officer sold 11,363 shares of the company’s stock on May 05 ’25. The stock was sold for $147,186 at an average price of $12.95. Upon completion of the transaction, the Chief Legal Officer now directly owns 15,738 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05 ’25, Officer Semah Victor bought 11,363 shares of the business’s stock. A total of $147,186 was incurred on buying the stock at an average price of $12.95. A total of 11.28% of the company’s stock is owned by insiders.
During the past 12 months, Hut 8 Corp has had a low of $8.73 and a high of $31.95. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.26, and a quick ratio of 1.26.
The net profit margin was -39.86% and return on equity was -6.31% for HUT. The company reported revenue of $21.82 million for the quarter, compared to $51.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -57.84 percent.
