How Do Hut 8 Corp (NASDAQ:HUT)’s Fundamentals Affect Performance

In Wednesday’s Wall Street session, Hut 8 Corp (NASDAQ:HUT) shares traded at $12.26, up 3.99% from the previous session.

HUT stock price is now -11.58% away from the 50-day moving average and -27.70% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.

With the price target of $20, Northland Capital recently initiated with Outperform rating for Hut 8 Corp (NASDAQ: HUT). On April 14, 2025, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $18, while ‘Rosenblatt’ rates the stock as ‘Buy’

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 $0.15 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 $7.67 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 $14.0362 and a two-hundred day moving average price translates $16.978275 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.

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