Hut 8 Corp. (TSE:HUT – Free Report) – Stock analysts at Maxim Group issued their FY2026 EPS estimates for Hut 8 in a research report issued to clients and investors on Wednesday, August 5th. Maxim Group analyst A. Klee anticipates that the company will earn ($5.71) per share for the year. Maxim Group has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is $0.56 per share.
Separately, Jefferies Financial Group raised Hut 8 to a “strong-buy” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, Hut 8 currently has a consensus rating of “Strong Buy”.
Hut 8 Price Performance
Shares of HUT opened at C$119.56 on Tuesday. Hut 8 has a twelve month low of C$27.17 and a twelve month high of C$194.28. The stock’s 50 day moving average is C$153.38 and its two-hundred day moving average is C$114.64. The firm has a market capitalization of C$13.46 billion, a PE ratio of -22.14 and a beta of 4.58. The company has a current ratio of 0.86, a quick ratio of 1.25 and a debt-to-equity ratio of 30.65.
Institutional Investors Weigh In On Hut 8
A hedge fund recently bought a new stake in Hut 8 stock. Dockside LLC purchased a new position in shares of Hut 8 Corp. (TSE:HUT – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,252 shares of the company’s stock, valued at approximately $722,000. 37.66% of the stock is currently owned by hedge funds and other institutional investors.
About Hut 8
Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.
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