With 4.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.85 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 $31.78. Beta for the stock currently stands at 3.85.
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 -5.72%, but this was down by -35.36% over a month. Three-month performance dropped to -50.72% while six-month performance rose 35.13%. The stock gained 65.14% in the past year, while it has lost -31.58% so far this year. A look at the trailing 12-month EPS for HUT yields 3.42 with Next year EPS estimates of 0.52. For the next quarter, that number is -0.02. This implies an EPS growth rate of -106.15% for this year and 347.26% for next year. EPS is expected to decline by -10.02% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 105.42%.
Float and Shares Shorts:
At present, 99.48 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 $3.9048 being high and $2.28605 being low. For HUT, this leads to a yearly average estimate of $2.82811.
