Hut 8 (NASDAQ:HUT – Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Hut 8 Stock Performance
Shares of NASDAQ:HUT opened at $14.75 on Friday. The company has a 50 day moving average of $21.75 and a 200 day moving average of $18.60. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.35. Hut 8 has a 12 month low of $6.77 and a 12 month high of $31.95.
Analyst Ratings Changes
Several research analysts have recently weighed in on HUT shares. Craig Hallum upped their price target on shares of Hut 8 from $15.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Hut 8 in a research report on Monday, January 13th. Canaccord Genuity Group raised their price target on Hut 8 from $22.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Piper Sandler assumed coverage on Hut 8 in a report on Tuesday, December 17th. They set an “overweight” rating and a $33.00 price objective for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Hut 8 in a research note on Tuesday, January 7th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Hut 8 currently has a consensus rating of “Buy” and a consensus target price of $33.00.
About Hut 8
Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.
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