Hut 8 (HUT) Projected to Post Earnings on Thursday

Hut 8 (NASDAQ:HUT) is projected to release its Q1 2025 earnings data before the market opens on Thursday, May 8th. Analysts expect Hut 8 to post earnings of ($0.20) per share and revenue of $33.68 million for the quarter.

Hut 8 Stock Up 0.1 %

Hut 8 stock opened at $12.77 on Wednesday. Hut 8 has a 52-week low of $7.67 and a 52-week 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 firm has a 50-day moving average price of $12.53 and a two-hundred day moving average price of $18.98.

Analyst Ratings Changes

Several brokerages have recently issued reports on HUT. Canaccord Genuity Group reiterated a “buy” rating and set a $32.00 price objective on shares of Hut 8 in a research report on Tuesday, March 4th. Benchmark decreased their price target on Hut 8 from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $30.00 price objective on shares of Hut 8 in a research note on Tuesday, March 4th. UBS Group set a $33.00 price objective on shares of Hut 8 in a report on Wednesday, April 2nd. Finally, HC Wainwright lowered their target price on shares of Hut 8 from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $27.08.

Insider Buying and Selling

In related news, insider Victor Semah sold 11,363 shares of Hut 8 stock in a transaction on Monday, May 5th. The stock was sold at an average price of $12.95, for a total value of $147,150.85. Following the transaction, the insider now directly owns 15,738 shares in the company, valued at $203,807.10. The trade was a 41.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 12.00% of the company’s stock.

Hut 8 Company Profile

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.