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

Hut 8 (NASDAQ:HUT) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Hut 8 to post earnings of ($0.18) per share for the quarter.

Hut 8 Trading Down 0.3 %

Hut 8 stock opened at $20.81 on Tuesday. Hut 8 has a 12-month low of $6.77 and a 12-month high of $31.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $24.30 and its 200 day moving average price is $18.13.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HUT. Stifel Nicolaus increased their price target on shares of Hut 8 from $15.00 to $18.00 and gave the stock a “speculative buy” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group increased their target price on Hut 8 from $22.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Craig Hallum boosted their price target on Hut 8 from $15.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Keefe, Bruyette & Woods initiated coverage on Hut 8 in a research note on Wednesday, January 8th. They set an “outperform” rating on the stock. Finally, Piper Sandler assumed coverage on shares of Hut 8 in a report on Tuesday, December 17th. They issued an “overweight” rating and a $33.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $33.00.

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.