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

Hut 8 (NASDAQ:HUT) is anticipated to issue its quarterly earnings data before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Hut 8 Stock Up 2.4 %

Hut 8 stock opened at $14.75 on Friday. Hut 8 has a twelve month low of $6.77 and a twelve month high of $31.95. The stock has a 50 day moving average of $21.93 and a two-hundred day moving average of $18.58. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.35.

Analyst Ratings Changes

HUT has been the subject of a number of recent research reports. Canaccord Genuity Group increased their price objective on Hut 8 from $22.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods started coverage on Hut 8 in a research report on Wednesday, January 8th. They set an “outperform” rating for the company. HC Wainwright increased their target price on Hut 8 from $26.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC reissued a “buy” rating and set a $38.00 target price on shares of Hut 8 in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 target price on shares of Hut 8 in a research note on Tuesday, January 7th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.