With 7.43 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.1 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $25.74 whereas the lowest price it dropped to was $23.45. The 52-week range on HUT shows that it touched its highest point at $28.47 and its lowest point at $6.18 during that stretch. It currently has a 1-year price target of $30.17. Beta for the stock currently stands at 3.46.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HUT was up-trending over the past week, with a rise of 28.98%, but this was up by 99.37% over a month. Three-month performance surged to 106.71% while six-month performance rose 175.76%. The stock gained 152.60% in the past year, while it has gained 89.36% so far this year. A look at the trailing 12-month EPS for HUT yields 2.01 with Next year EPS estimates of 0.10. For the next quarter, that number is -0.12. This implies an EPS growth rate of 139.63% for this year and -94.72% for next year.
Float and Shares Shorts:
At present, 88.96 million HUT shares are outstanding with a float of 82.99 million shares on hand for trading. On 2024-10-31, short shares totaled 12.73 million, which was 1363.0 higher than short shares on 1727654400. In addition to Mr. Asher Kevin Genoot as the firm’s Co-Founder, CEO, President & Director, Mr. Michael Ho serves as its Co-Founder, Chief Strategy Officer & Director.
Institutional Ownership:
Through their ownership of 0.60615003 of HUT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, HUT reported revenue of -$36627000.0 and operating income of -$86693000.0. The EBITDA in the recently reported quarter was -$72457000.0 and diluted EPS was -$0.78.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HUT since 12 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HUT analysts setting a high price target of 35.0 and a low target of 15.0, the average target price over the next 12 months is 29.66667. Based on these targets, HUT could surge 38.56% to reach the target high and fall by -40.62% to reach the target low. Reaching the average price target will result in a growth of 17.45% from current levels.
Analysts have provided yearly estimates in a range of $2.86767 being high and $2.12023 being low. For HUT, this leads to a yearly average estimate of $2.46217. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.12.
