Hut 8 (HUT) Projected to Post Earnings on Wednesday

Hut 8 (NASDAQ:HUT) is projected to release its earnings data 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 Stock Down 0.3 %

NASDAQ:HUT opened at $21.57 on Wednesday. Hut 8 has a 1-year low of $6.34 and a 1-year high of $31.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.00 and a quick ratio of 1.00. The business’s fifty day moving average price is $24.74 and its 200 day moving average price is $18.09.

Wall Street Analyst Weigh In

HUT has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Hut 8 in a research report on Tuesday, January 7th. Canaccord Genuity Group upped their target price on Hut 8 from $22.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and issued a $41.00 target price on shares of Hut 8 in a research report on Tuesday, January 7th. Piper Sandler initiated coverage on Hut 8 in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $33.00 target price on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on Hut 8 in a research report on Wednesday, January 8th. They issued an “outperform” rating on the stock. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Hut 8 currently has a consensus rating of “Buy” and a consensus target price 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.