Hut 8 Corp. (TSE:HUT – Free Report) – Analysts at Maxim Group issued their FY2026 earnings per share estimates for Hut 8 in a research report issued to clients and investors on Wednesday, August 5th. Maxim Group analyst A. Klee expects that the company will post earnings per share of ($5.71) for the year. Maxim Group currently has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is $0.56 per share.
Separately, Jefferies Financial Group upgraded Hut 8 to a “strong-buy” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.
Hut 8 Stock Down 3.1%
Shares of TSE HUT opened at C$119.56 on Tuesday. The business has a 50-day moving average price of C$153.38 and a 200 day moving average price of C$114.64. The stock has a market cap of C$13.46 billion, a PE ratio of -22.14 and a beta of 4.58. The company has a quick ratio of 1.25, a current ratio of 0.86 and a debt-to-equity ratio of 30.65. Hut 8 has a 52-week low of C$27.17 and a 52-week high of C$194.28.
Institutional Trading of Hut 8
An institutional investor recently bought a new stake in Hut 8 stock. Dockside LLC bought a new stake in Hut 8 Corp. (TSE:HUT – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,252 shares of the company’s stock, valued at approximately $722,000. 37.66% of the stock is owned by hedge funds and other institutional investors.
About Hut 8
Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.
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