Hut 8 (HUT) Scheduled to Post Quarterly Earnings on Wednesday

Hut 8 (NASDAQ:HUT) will issue its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hut 8 (NASDAQ:HUT) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.11. The business had revenue of $35.22 million during the quarter, compared to analyst estimates of $38.00 million.

Hut 8 Stock Performance

Shares of NASDAQ HUT opened at $24.59 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.68 and a current ratio of 1.68. Hut 8 has a fifty-two week low of $6.18 and a fifty-two week high of $25.32. The business has a 50 day moving average price of $12.98 and a two-hundred day moving average price of $12.44.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HUT shares. Needham & Company LLC raised their price target on shares of Hut 8 from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Craig Hallum increased their price objective on shares of Hut 8 from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. HC Wainwright reissued a “buy” rating and issued a $13.50 target price on shares of Hut 8 in a research report on Friday, September 20th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $22.00 price target on shares of Hut 8 in a research report on Wednesday, August 21st. Finally, Benchmark reissued a “buy” rating and issued a $17.00 price objective on shares of Hut 8 in a report on Monday, October 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $17.00.

Insider Buying and Selling

In other Hut 8 news, Director Joseph Flinn sold 7,618 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $11.74, for a total value of $89,435.32. Following the sale, the director now directly owns 11,861 shares in the company, valued at approximately $139,248.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 12.00% of the stock is owned by company insiders.

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.