Hut 8 Mining Corp. (NASDAQ:HUT) currently has a daily average trading volume of 9.94M but it saw 3487365 shares traded on Thursday. With a market cap of 558.46M USD, stock’s current market price of $1.84 came falling about -1.60 while comparing to the previous closing price of $1.87. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.70 and as low as $0.78. In the recent trading on the day, stock has struck highest price mark of $1.905 while lowest mark touched by it was $1.81.
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Taking a look at 20-day trading activity of Hut 8 Mining Corp. (HUT) gives us an average price of $1.8285, while its current price level is -50.27% below from 52-week high level whereas it is 135.90% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.8254 while that of 200 days or SMA-200 reads an average of $1.7594. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.82% during that period while stretching the period over a month that increases to 6.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.88 which implies that the stock is in neutral territory.
Hut 8 Mining Corp. (HUT)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $1.50 and $3.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.00. Average price target assigned by them is $2.03 which highlights an upside potential of 9.36% for the stock over that period. And to attain the median price target of $1.60 assigned by those analysts, stock has to subtract about -15.0% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 2 advised them to Hold.
Over the week, HUT’s stock price is moving -5.64% down while it is 5.75% when we observe its performance for the past one month. Year-to-date it is 116.47% up and over the past year, the stock is showing a downside performance of -17.86%.
Currently, Hut 8 Mining Corp.’s total number of outstanding shares is 220.96M with 5.84% of that held by the insiders while 9.72% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -49.90% and return on equity (ROE) at -41.60%. Stock’s beta reads 3.38. Stock has a price to book (P/B) ratio of 0.86 while price to sale or P/S ratio amounts to 4.80. Its return on asset (ROA) is -36.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Amplify Transformational Data Sha came shrinking its share ownership by -1.30% in the Hut 8 Mining Corp. (HUT) decreasing its stake to 2.87% with control over 83190.0 shares in the company. As per SEC documents, Amplify Transformational Data Sha sought 6,336,626 of company’s common stock of worth $11.34 million as per recent closing price of the stock. Amplify Transformational Data Sha is not the only institutional holder which restructured its stake in Hut 8 Mining Corp., as SPDR S&P Kensho New Economies Com picked 1,625,317 shares of worth $2.91 million to bring its holdings to a total of 12900.0 shares. In the most recent quarter, Bitwise Crypto Industry Innovator came rising its stake by 0.95% in the company and now holds 1.55 million or 0.70% of the company’s stake having worth of about 2.77 million.
