The price of Hut 8 Corp (NASDAQ:HUT) shares last traded on Wall Street rose 0.04% to $27.33.
HUT stock price is now 35.96% away from the 50-day moving average and 105.07% away from the 200-day moving average. The market capitalization of the company currently stands at $2.56B.
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With the price target of $35, Cantor Fitzgerald recently initiated with Overweight rating for Hut 8 Corp (NASDAQ: HUT). On August 14, 2024, H.C. Wainwright Upgraded its previous ‘Sell’ rating to ‘Buy’ on the stock increasing its target price from $7.50 to quote $13.50, while ‘Craig Hallum’ 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 $0.32 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 11.01% 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 $31.95. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for HUT is $20.101 and a two-hundred day moving average price translates $13.326875 for the stock.
The latest earnings results from Hut 8 Corp (NASDAQ: HUT) was released for 2024-09-30. The net profit margin was 112.17% and return on equity was 40.01% for HUT. The company reported revenue of $43.73 million for the quarter, compared to $21.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 101.52 percent.
