With 5.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.99 million shares. The 52-week range on HUT shows that it touched its highest point at $31.95 and its lowest point at $6.77 during that stretch. It currently has a 1-year price target of $34.67. Beta for the stock currently stands at 3.80.
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 down-trending over the past week, with a drop of -18.91%, but this was down by -34.72% over a month. Three-month performance dropped to -34.44% while six-month performance rose 36.18%. The stock gained 89.93% in the past year, while it has lost -18.98% so far this year. A look at the trailing 12-month EPS for HUT yields 2.01 with Next year EPS estimates of 0.12. For the next quarter, that number is 0.04. This implies an EPS growth rate of 142.46% for this year and -94.04% for next year.
Float and Shares Shorts:
At present, 93.51 million HUT shares are outstanding with a float of 83.37 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.34153 being high and $2.38722 being low. For HUT, this leads to a yearly average estimate of $2.82811. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.16. The average estimate for the next quarter is thus -$0.14.
