Hut 8 Corp (NASDAQ: HUT): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Hut 8 Reports Operating and Financial Results for the Six Months Ended December 31, 2023.

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Stocks Info

HUT belongs to the Financial sector of the NASDAQ while operating in the Capital Markets industry. The current market capitalization of Hut 8 Corp is $962.55M. A total of 4.34 million shares were traded on the day, compared to an average of 5.99M shares.

In the most recent transaction, Leverton Jaime sold 35,761 shares of HUT for 10.10 per share on Jan 12 ’24. After the transaction, the Chief Executive Officer now owns 269,415 company shares. In a previous transaction on Dec 22 ’23, Leverton Jaime sold 98,724 shares at 14.21 per share. HUT shares that Chief Executive Officer owns now total 238,509.

Among the insiders who sold shares, Amdiss Aniss disposed of 18,513 shares on Dec 22 ’23 at a per-share price of $14.21. This resulted in the Chief Legal Officer holding 23,333 shares of HUT after the transaction. In another insider transaction, Visram Shenif sold 17,897 shares at $14.14 per share on Dec 22 ’23. Company shares held by the Chief Financial Officer now total 15,437.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, HUT has a high of $22.75 and a low of $6.18.

As of this writing, HUT has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.35. The company reported an EPS of -$0.4 in the last quarter, which was -5.30% lower than expectations of -$0.38.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HUT’s latest balance sheet shows that the firm has $21.91M in Cash & Short Term Investments as of fiscal 2022. There were $130.68M in debt and $100.16M in liabilities at the time. Its Book Value Per Share was $6.63, while its Total Shareholder’s Equity was $87.60M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.40.

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