Hut 8 Corp. (TSE:HUT) Receives Average Rating of “Strong Buy” from Brokerages

Hut 8 Corp. (TSE:HUT) has received a consensus rating of “Strong Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a buy rating and seven have given a strong buy rating to the company.

HUT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of Hut 8 to a “moderate buy” rating in a research report on Tuesday, January 27th. HC Wainwright raised shares of Hut 8 to a “strong-buy” rating in a research report on Monday, February 2nd.

Hut 8 Stock Up 1.6%

HUT stock opened at C$68.87 on Friday. Hut 8 has a 1-year low of C$14.28 and a 1-year high of C$89.34. The business’s 50 day simple moving average is C$74.76 and its 200 day simple moving average is C$64.18. The company has a current ratio of 1.09, a quick ratio of 1.26 and a debt-to-equity ratio of 31.34. The firm has a market capitalization of C$7.64 billion, a PE ratio of -32.18 and a beta of 4.58.

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.