Hut 8 (HUT) Projected to Post Earnings on Monday

Hut 8 (NASDAQ:HUT) is expected to be releasing its earnings data before the market opens on Monday, March 3rd. Analysts expect Hut 8 to post earnings of ($0.18) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Hut 8 Trading Down 8.2 %

HUT opened at $17.93 on Monday. Hut 8 has a 12 month low of $6.77 and a 12 month high of $31.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $22.89 and its 200-day moving average price is $18.58.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HUT shares. Benchmark reissued a “buy” rating and issued a $41.00 price target on shares of Hut 8 in a research report on Tuesday, January 7th. HC Wainwright upped their price objective on Hut 8 from $26.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Canaccord Genuity Group upped their price objective on Hut 8 from $22.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods initiated coverage on Hut 8 in a research note on Wednesday, January 8th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Hut 8 in a report on Monday, January 13th. Nine equities research analysts have rated the stock with a buy rating, According to 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.