With 6.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.94 million shares. The 52-week range on HUT shows that it touched its highest point at $31.95 and its lowest point at $8.53 during that stretch. It currently has a 1-year price target of $24.26. Beta for the stock currently stands at 3.98.
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 -1.57%, but this was up by 26.12% over a month. Three-month performance surged to 13.65% while six-month performance fell -30.91%. The stock gained 71.57% in the past year, while it has lost -17.52% so far this year. A look at the trailing 12-month EPS for HUT yields -0.56 with Next year EPS estimates of -0.06. For the next quarter, that number is -0.13. This implies an EPS growth rate of -144.21% for this year and 96.05% for next year.
Float and Shares Shorts:
At present, 104.15 million HUT shares are outstanding with a float of 92.46 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 $3.90399 being high and $1.55515 being low. For HUT, this leads to a yearly average estimate of $2.82811.
