In Wednesday’s Wall Street session, Hut 8 Corp (NASDAQ:HUT) shares traded at $11.08, down -3.06% from the previous session.
HUT stock price is now -24.21% away from the 50-day moving average and -35.00% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
With the price target of $18, BTIG Research recently initiated with Buy rating for Hut 8 Corp (NASDAQ: HUT). On March 07, 2025, Rosenblatt recently initiated its ‘Buy’ rating on the stock quoting a target price of $23, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, Flinn Joseph, Director sold 7,618 shares of the company’s stock on Aug 16 ’24. The stock was sold for $89,427 at an average price of $11.74. Upon completion of the transaction, the Director now directly owns 11,861 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Director Flinn Joseph bought 7,618 shares of the business’s stock. A total of $89,427 was incurred on buying the stock at an average price of $11.74. A total of 11.26% of the company’s stock is owned by insiders.
During the past 12 months, Hut 8 Corp has had a low of $6.95 and a high of $31.95. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.67, and a quick ratio of 1.67. The fifty day moving average price for HUT is $14.6198 and a two-hundred day moving average price translates $17.045574 for the stock.
The latest earnings results from Hut 8 Corp (NASDAQ: HUT) was released for 2024-12-31. The net profit margin was 204.38% and return on equity was 40.01% for HUT. For the current quarter, analysts expect HUT to generate $33.28M in revenue.
