During the last session, Hut 8 Mining Corp. (NASDAQ:HUT)’s traded shares were 8.62 million, with the beta value of the company hitting 2.52. At the end of the trading day, the stock’s price was $7.10, reflecting an intraday loss of -12.35% or -$1.0. The 52-week high for the HUT share is $16.57, that puts it down -133.38 from that peak though still a striking 59.15% gain since the share price plummeted to a 52-week low of $2.90. The company’s market capitalization is $1.48B, and the average intraday trading volume over the past 10 days was 6.77 million shares, and the average trade volume was 11.41 million shares over the past three months.
Hut 8 Mining Corp. (HUT) registered a -12.35% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -12.35% in intraday trading to $7.10 this Wednesday, 01/05/22, hitting a weekly high. The stock’s 5-day price performance is -7.19%, and it has moved by -22.74% in 30 days. Based on these gigs, the overall price performance for the year is 130.60%. The short interest in Hut 8 Mining Corp. (NASDAQ:HUT) is 8.99 million shares and it means that shorts have 1.02 day(s) to cover.
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The consensus price target of analysts on Wall Street is $19.25, which implies an increase of 63.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18.00 and $20.00 respectively. As a result, HUT is trading at a discount of -181.69% off the target high and -153.52% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.10%. While earnings are projected to return 759.30% in 2022.
Hut 8 Mining Corp. is due to release its next quarterly earnings between March 23 and March 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Hut 8 Mining Corp. (NASDAQ:HUT)’s Major holders
Hut 8 Mining Corp. insiders own 2.03% of total outstanding shares while institutional holders control 20.42%, with the float percentage being 20.84%. FMR, LLC is the largest shareholder of the company, while 110 institutions own stock in it. As of Sep 29, 2021, the company held over 3.16 million shares (or 1.89% of all shares), a total value of $26.51 million in shares.
The next largest institutional holding, with 2.8 million shares, is of Invesco Ltd.’s that is approximately 1.68% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $23.56 million.
Also, the Mutual Funds coming in first place with the largest holdings of Hut 8 Mining Corp. (HUT) shares are Amplify Transformational Data Sharing ETF and Global X Fds-Global X FinTech Thematic ETF. Data provided on Oct 30, 2021 indicates that Amplify Transformational Data Sharing ETF owns about 5.37 million shares. This amounts to just over 3.21 percent of the company’s overall shares, with a $71.91 million market value. The same data shows that the other fund manager holds slightly less at 1.1 million, or about 0.66% of the stock, which is worth about $14.77 million.