In the last trading session, 7.99 million Hut 8 Mining Corp. (NASDAQ:HUT) shares changed hands as the company’s beta touched 2.46. With the company’s per share price at $9.64 changed hands at -$0.13 or -1.33% during last session, the market valuation stood at $1.85B. HUT’s last price was a discount, traded about -34.85% off its 52-week high of $13.00. The share price had its 52-week low at $0.58, which suggests the last value was 93.98% up since then. When we look at Hut 8 Mining Corp.’s average trading volume, we note the 10-day average is 14.46 million shares, with the 3-month average coming to 5.37 million.
Analysts gave the Hut 8 Mining Corp. (HUT) stock a consensus recommendation rating of a Buy. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended HUT as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
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Instantly HUT was in red as seen at the end of in last trading. With action -9.65%, the performance over the past five days has been red. The drop to weekly highs of 11.30 on Monday, 09/13/21 subtracted -1.33% to the stock’s daily price. The company’s shares are showing year-to-date upside of 250.55%, with the 5-day performance at -9.65% in the red. However, in the 30-day time frame, Hut 8 Mining Corp. (NASDAQ:HUT) is 46.73% up. Looking at the short shares, we see there were 2.71 million shares sold at short interest cover period of 0.85 days.
Hut 8 Mining Corp. (HUT) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.10%. The 2021 estimates are for Hut 8 Mining Corp. earnings to increase by 759.30%.
Hut 8 Mining Corp. is expected to release its next quarterly earnings report on May 13.
Hut 8 Mining Corp. (NASDAQ:HUT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.23% of Hut 8 Mining Corp. shares while 12.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.22%. There are 12.90% institutions holding the Hut 8 Mining Corp. stock share, with FMR, LLC the top institutional holder. As of Jun 29, 2021, the company held 2.20% of the shares, roughly 3.16 million HUT shares worth $13.89 million.
Point72 Asia (Hong Kong) Ltd holds the second largest percentage of outstanding shares, with 1.22% or 1.75 million shares worth $7.69 million as of Jun 29, 2021.
Among Mutual Funds, the top two as of Jun 29, 2021 were Amplify Transformational Data Sharing ETF and Global X Fds-Global X FinTech Thematic ETF. With 8.29 million shares estimated at $36.48 million under it, the former controlled 5.78% of total outstanding shares. On the other hand, Global X Fds-Global X FinTech Thematic ETF held about 0.76% of the shares, roughly 1.08 million shares worth around $4.77 million.