There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Hut 8 Mining Corp. (HUT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0108, or 1.13%, to $0.97. The Hut 8 Mining Corp. has recorded 79,521 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Hut 8 Appoints New Chief Financial Officer.
This NASDAQ-listed company operates within the Capital Markets industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $0.96 and fluctuated between $0.9637 as its day high and $0.8388 as its day low. The current market capitalization of Hut 8 Mining Corp. is $274.00M. A total of 5.34 million shares were traded on the day, compared to an average of 7.00M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, HUT has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 44,562 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 5 SELLs from insiders. Insiders purchased 1,411,215 shares during that period but sold 171,666.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HUT in the last 3 months, the mean price target is $3.19 with high estimates of $6.00 and low estimates of $1.50. In terms of 52-week highs and lows, HUT has a high of $8.34 and a low of $0.78.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HUT is Overweight with a score of 3.25. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.