Hut 8 (TSE:HUT) Upgraded to Strong-Buy at Freedom Capital

Hut 8 (TSE:HUT – Get Free Report) was upgraded by equities research analysts at Freedom Capital to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on HUT. Jefferies Financial Group raised Hut 8 to a “strong-buy” rating in a research report on Thursday, May 14th. Maxim Group upgraded Hut 8 to a “strong-buy” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Get Hut 8 alerts:

Check Out Our Latest Stock Report on Hut 8

Hut 8 Stock Performance

Hut 8 stock opened at C$122.49 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 1.25 and a debt-to-equity ratio of 30.65. The firm has a 50-day moving average of C$145.79 and a 200-day moving average of C$116.83. The firm has a market cap of C$13.79 billion, a P/E ratio of -22.68 and a beta of 4.58. Hut 8 has a 1-year low of C$29.25 and a 1-year high of C$194.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hut 8 stock. Dockside LLC bought a new position in shares of Hut 8 Corp. (TSE:HUT – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,252 shares of the company’s stock, valued at approximately $722,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

About Hut 8

(Get Free Report)

Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.

Read More

• Five stocks we like better than Hut 8
• Coherent Stock Is Cooling Off Just as Its AI Thermal Opportunity Heats Up
• Moderna’s 177% Surge Has Investors Asking What Comes Next
• 3 Energy Stocks Raising Dividends as the Sector Surges
• 5 Reasons the S&P 500 Could Keep Rallying Through Year-End

Receive News & Ratings for Hut 8 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hut 8 and related companies with MarketBeat.com's FREE daily email newsletter.