Hut 8 Corp. (TSE:HUT) Given Consensus Rating of “Strong Buy” by Analysts

Hut 8 Corp. (TSE:HUT) has received a consensus rating of “Strong Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a buy recommendation and six have issued a strong buy recommendation on the company.

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised Hut 8 to a “moderate buy” rating in a research report on Tuesday, January 27th. HC Wainwright upgraded Hut 8 to a “strong-buy” rating in a report on Monday, February 2nd.

Hut 8 Price Performance

Hut 8 stock opened at C$96.21 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.09 and a debt-to-equity ratio of 31.34. Hut 8 has a 52-week low of C$14.69 and a 52-week high of C$98.20. The firm has a market cap of C$10.67 billion, a PE ratio of -44.96 and a beta of 4.58. The company’s 50 day moving average is C$72.18 and its two-hundred day moving average is C$67.96.

About Hut 8

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.